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Forest Oil Offers $300 Million Of Senior Notes

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Business Wire
September 12, 2012

Forest Oil Corporation (FST) announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $300 million in aggregate principal amount of senior unsecured notes due 2020. The Senior Notes will be guaranteed by Forest Oil Permian Corporation, a subsidiary of Forest.

Forest intends to use the net proceeds from the offering, together with borrowings under its bank credit facility, to fund a proposed redemption of 50% of the aggregate principal amount of its outstanding 8.5% Senior Notes due 2014. The principal ...

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