British Columbia Ferry Services Inc. Completes $200 Million Bond Offering

On January 11, 2008, British Columbia Ferry Services Inc. completed a $200 million offering of 5.581 per cent senior secured bonds due January 11, 2038. The lead agent for the offering was CIBC World Markets Inc. The other agents were RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc. and Scotia Capital Inc. The offering was effected on a private placement basis in Canada only.

The agents were represented by Herb Dodd, QC, Trevor Scott and Chelsea Thompson of Farris, Vaughan, Wills & Murphy LLP.

BC Ferries was represented by Byran Gibson, QC, Linda Brown, Michael Urbani, Salima Datoo and Jessica Beverley of McCarthy Tétrault LLP.