05:34 PM EDT, 09/10/2024 (MT Newswires) -- WSP Global ( WSPOF ) said after trade Tuesday it priced an offering of $525-million aggregate principal amount of 4.12% senior unsecured notes due September 12, 2029 and $475 million aggregate principal amount of 4.754% senior unsecured notes due September 12, 2034.

A statement noted the offering is expected to close on or about Sept.12.

The company said it intends to use the proceeds from the offering to, one, fund in part the purchase price for its previously announced acquisition of Power Engineers and reduce amounts to be advanced at the closing of the acquisition, or, two, in the event that the acquisition does not close, for the repayment of existing debt.

The acquisition is expected to close early in the fourth quarter of 2024..

WSP shares closed up $3.96 to $230.42 on the Toronto Stock Exchange.