Parties
Company
WSP Global Inc.
Company
Canada Pension Plan Investment Board (CPP Investments)
WSP Global Inc. has completed its previously announced bought deal public offering of common shares and private placement of common shares for aggregate gross proceeds of approximately $920 million.
WSP issued from treasury 3,031,400 offering common shares, including 395,400 offering common shares issued as a result of the exercise of the over-allotment option granted to the syndicate of underwriters (the "Underwriters") co-led by CIBC Capital Markets, National Bank Financial Inc. and RBC Capital Markets at $151.75 per offering common share for aggregate gross proceeds of approximately $460 million.
In addition, WSP issued 3,032,550 private placement common shares for $151.75 per private placement common share by way of a concurrent private placement with GIC Pte. Ltd. ("GIC"), Caisse de dépôt et placement du Québec ("CDPQ") and a subsidiary of Canada Pension Plan Investment Board ("CPP Investments") for aggregate gross proceeds to WSP of approximately $460 million.
Stikeman Elliott LLP and Skadden, Arps, Slate, Meagher & Flom LLP served as Canadian and US legal counsel respectively to WSP.
Blake, Cassels & Graydon LLP served as legal counsel to CPP Investments.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 920,000,000Deal Status
ClosedClosing Date
16 August 2022