Forest Oil Corp. (FST) announced that its bank group has affirmed Forest's $1.62 billion borrowing base related to its credit facilities maturing in June 2012. The bank group continues to have $1.8 billion of commitments and there were no changes in the terms or conditions of the credit facilities. As of September 30, Forest had borrowed about $453 million pursuant to its credit facilities, reflecting repayments of around $232 million since June 30, and had moreover $1.2 billion available to be drawn.
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