Forest Oil Announces Pricing of Private Offering of $500 Million of 7.5% Senior Notes Due 2020
Forest Oil Corporation (NYSE: FST) today announced that it has priced its private offering to eligible purchasers of $500 million of 7.5% Senior Notes due 2020. The Senior Notes were priced at par. This represents a $200 million increase from our initial proposed offering of $300 million in Senior Notes. The Senior Notes will be guaranteed by Forest Oil Permian Corporation, a subsidiary of Forest. The offering is expected to close on September 17, 2012, subject to customary closing conditions.
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