Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in the debut Rule 144A/Regulation S offering by WSP Global Inc. (“WSP”) of $650 million aggregate principal amount of 5.039% Senior Unsecured Notes due 2031 and $850 million aggregate principal amount of 5.714% Senior Unsecured Notes due 2036.
WSP used the net proceeds from the sale of the Notes to repay a portion of the advances and drawdowns under the credit facilities incurred in connection with the payment of the purchase price in respect of the acquisition of TRC Companies, a premier U.S. Power & Energy brand, and for general corporate purposes.
As one of the world’s leading professional services firms, WSP provides strategic advisory, engineering and design services to clients in the Transport & Infrastructure, Earth & Environment, Property & Buildings and Power & Energy sectors. WSP’s global experts include advisors, engineers, environmental specialists, scientists, technicians, architects and planners, in addition to other design and program management professionals.
The Simpson Thacher team included John C. Ericson, Ryan Bekkerus, Adriana Estor-Restrepo and Cadina Mancini (Capital Markets); Michael E. Mann (Tax); Chandler Gerard-Reimer (IP); and Jeanne M. Annarumma (ERISA). Ben Pittenger and Anna Cho also provided valuable assistance.