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 | ||
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)
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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