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Banks Are Still Backing The Sabine-Forest Oil Deal

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June 17, 2014

According to Bloomberg June 17, bank commitments to fund Sabine Oil & Gas LLC’s proposed acquisition of Forest Oil Corp. (NYSE: FST) remain in place after the sale of an $850 million loan to investors was postponed June 16, Sabine said in a statement.

“The proposed combination of our companies is moving ahead,” Sabine CEO David Sambrooks said in the statement distributed by PR Newswire. “All parties remain fully committed to this transaction and will continue to take the necessary steps to ensure it is consummated to the benefit of ...

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