* Says amount reaffirmed $1.62 bln
* Says no changes in terms and conditions
Sept 12 (Reuters) - Independent oil and natural gas company Forest Oil Corp said lenders reaffirmed the $1.62 billion borrowing base related to credit facilities maturing in June 2012.
The Denver, Colorado-based company said its bank group still had $1.8 billion of commitments, adding there were no changes to terms or conditions of the credit facilities.
Forest Oil said it had about $1.2 billion available to be drawn as of Sept. 30, excluding repayments of about $232 million.
Shares of the company closed up 6 percent higher at $21.90 Monday on the New York Stock Exchange.
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(Reporting by Krishna N. Das in Bangalore; Editing by Anil D'Silva) Keywords: FORESTOIL/ (Krishna.das@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Krishna.das.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says no changes in terms and conditions
Sept 12 (Reuters) - Independent oil and natural gas company Forest Oil Corp said lenders reaffirmed the $1.62 billion borrowing base related to credit facilities maturing in June 2012.
The Denver, Colorado-based company said its bank group still had $1.8 billion of commitments, adding there were no changes to terms or conditions of the credit facilities.
Forest Oil said it had about $1.2 billion available to be drawn as of Sept. 30, excluding repayments of about $232 million.
Shares of the company closed up 6 percent higher at $21.90 Monday on the New York Stock Exchange.
For the alerts, double click
(Reporting by Krishna N. Das in Bangalore; Editing by Anil D'Silva) Keywords: FORESTOIL/ (Krishna.das@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Krishna.das.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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