Investor Relations Debt Info
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BC Ferries' Investor Relations
Debt Information
Credit Ratings
|
Agency |
Long Term |
Trend | |
|
DBRS |
A (low) |
Positive | |
|
Standard & Poor's |
A- |
Positive | |
S&P Press Release - November 2008 (PDF 422 K/5 pages)
DBRS Press Release - November 2008 (PDF 98K/2 pages)
Bond Issues
|
Instrument |
Amount |
Coupon |
Tenor |
Maturity |
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
Effective May 2008, $155 million five-year revolving credit facility with a syndicate of Canadian banks.
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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