Forest Oil pays down roughly $232 million of bank borrowings

By Sara Rosenberg

New York, Oct. 13 - Forest Oil Corp. repaid roughly $232 million of its credit facility borrowings from June 30 to Sept. 30, according to a news release.

As of Sept. 30, the company had about $1.2 billion available to be drawn.

The borrowing base under the facility, which was just reaffirmed, is set at $1.62 billion.

Forest Oil is a Denver-based acquirer, explorer, developer and producer of natural gas and liquids.

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