Forest Oil Corp.

Forest Oil Corp. (NYSE: FST) sold its properties in South Texas for $7 million to an undisclosed buyer.

Forest Oil Corp. (NYSE: FST) sold its properties in South Texas for $7 million to an undisclosed buyer.
A subsequent closing on these hold-back properties is expected to occur within days. Proceeds will be used to redeem the remaining US $0 million principal amount outstanding of the company’s ..%% senior notes due 14... In connection with the closing of this transaction, the global borrowing base under Forest’s credit facilities has been reduced to US $0 million.

Forest Oil Corp. is an independent producer of natural gas and liquids in the U.S. and selected international locations. The company is based in Denver, Colo.