Mr. Alain Michaud reports

WSP ANNOUNCES CLOSING OF PRIVATE OFFERING OF $500 MILLION SENIOR UNSECURED NOTES

WSP Global Inc. has closed its previously announced private offering of $500-million aggregate principal amount of 5.548 per cent senior unsecured notes due Nov. 22, 2030.

The notes are being offered through an agency syndicate led by CIBC Capital Markets, National Bank Financial Markets and RBC Capital Markets, as joint bookrunners and co-lead private placement agents, and including BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., HSBC Securities (Canada) Inc., Citigroup Global Markets Canada Inc., Raymond James Ltd. and Laurentian Bank Securities Inc., as co-managers. The corporation intends to use the net proceeds of the offering to repay existing indebtedness and for other general corporate purposes.

The notes are issued at par and bear interest at a fixed rate of 5.548 per cent per annum, payable semi-annually until maturity on the 22nd day of May and November in each year beginning on May 22, 2024. The notes are direct, senior unsecured obligations of WSP, and rank pari passu with all of the existing and future senior unsecured indebtedness of WSP. The notes are guaranteed, jointly and severally, on a senior unsecured basis, by certain of the corporation's subsidiaries. The notes have been assigned a rating of BBB (high), with a stable trend, by DBRS Ltd.

The notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.

About WSP Global Inc.

As one of the largest professional services firms in the world, WSP exists to future-proof cities and the environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. Its 67,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity and inclusion. In 2022, WSP reported $11.9-billion in revenue. The corporation's shares are listed on the Toronto Stock Exchange.

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