Forest Oil Intends to Commence Private $350MM Debt Offering
Forest Oil Corporation intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $350 million principal amount of Senior Notes due 2014.
Forest intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under Forest's bank credit facilities.
- Forest Oil to Put Texas Panhandle Properties Up For Sale (Jul 15)
- Forest Oil Partners with Schlumberger on Eagle Ford Shale Land (Apr 12)
- Forest Oil to Sell South Texas Assets Excluding Eagle Ford (Jan 03)