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Prospect News home > News index > List of issuers F > Headlines for Forest Oil Corp. > News item
Published on 5/19/2009 in the Prospect News Bank Loan Daily.

Forest Oil to pay down some bank debt with proceeds from sale of 12.5 million shares

By Sara Rosenberg

New York, May 19 - Forest Oil Corp. plans to repay a portion of its credit facility borrowings using proceeds from an offering of 12.5 million shares of common stock, according to a news release.

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


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