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  Debt Information

Credit Ratings

Agency		Long Term Debt Rating	Trend	Last Update
DBRS		A	Stable	Mar 2013
Standard & Poor's		A+	Stable	Feb 2013

Check the following websites for more information:
http://www.dbrs.com
http://www.standardandpoors.com

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
Senior Secured Bonds	140	6.214	5	19-Dec-13	CAD

Credit Facility

$155 million five-year revolving credit facility with a syndicate of Canadian banks (maturing April 2018).

Other Loans

In 2005, BC Ferries 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.

In 2009, BC Ferries entered into a $108 million loan agreement with KfW IPEX-Bank.  These funds were released coinciding with the conditional acceptance of the Northern Expedition. 

Prospectuses

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

English Version (PDF 940K/104 pages) 
French Version (PDF 1076K/106 pages)

6.25% Senior Secured Bonds, Series 04-4, due October 13, 2034 (published October 5, 2004)

English Version (PDF 437K/106 pages)
French Version (PDF 586K/107 pages)

Master Trust Indenture

Master Trust Indenture (PDF 540K/148 pages)

The information provided in this Investor Relations section of our website is subject to the following caution and disclaimer:

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