Investor Relations Debt Info

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BC Ferries' Investor Relations

Debt Information

Credit Ratings

Agency

Long Term
Debt Rating

Trend

DBRS

A (low)

Positive

Standard & Poor's

A-

Stable

DBRS Press Release - October 2007 (PDF 69.1K/2 pages)
S&P Press Release - November 2007 (PDF 55.3K/3 pages)
S&P Press Release - January 2008 (PDF 49.7K/4 pages)

Bond Issues

Instrument

Amount
($ millions)

Coupon
(%)

Tenor
(years)

Maturity
Date

Currency

Senior Secured Bonds

250

5.74

10

27-May-14

CAD

Senior Secured Bonds

250

6.25

30

13-Oct-34

CAD

Senior Secured Bonds

250

5.021

30

20-Mar-37

CAD

Senior Secured Bonds

200

5.581

30

11-Jan-38

CAD

Credit Facility

Effective May 2008, $155 million five-year revolving credit facility with a syndicate of Canadian banks.

Other Loans

BC Ferries has entered into loan agreements which make up to $180 million available to finance the purchase of two "Super C" class vessels. These funds were released coinciding with the conditional acceptance dates of the vessels.

Prospectuses

5.74% Senior Secured Bonds, Series 04-1, due May 27, 2014 (published May 19, 2004)