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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.
Parties
Company
WSP Global Inc.
Company
Canada Pension Plan Investment Board (CPP Investments)
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 920,000,000Deal Status
ClosedClosing Date
16 August 2022