SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - February 8, 1996
FOREST OIL CORPORATION
(Exact name of registrant as specified in its charter)
New York 0-4597 25-0484900
(State or other juris- (Commission (IRS Employer
diction of incorporation) file number) Identification No.)
2200 Colorado State Bank Building, 1600 Broadway, Denver, CO 80202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 812-1400
Item 5. Other Events
For information concerning this item, please refer to
Exhibit 99.1 hereto, which is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
(99.1) Forest Oil Corporation press release
announcing that a subsidiary of the Company entered into
a credit agreement for the benefit of the company's two
principal Canadian subsidiaries. The initial borrowing
base under the credit facility is C$60 million.
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
FOREST OIL CORPORATION
(Registrant)
Dated: February 15, 1996 By: /s/ Daniel L. McNamara
Daniel L. McNamara
Secretary
FOR IMMEDIATE RELEASE
FOREST OIL SIGNS CANADIAN CREDIT AGREEMENT
DENVER, COLORADO - February 14, 1996 - Forest Oil Corporation
announced today that a subsidiary of the company has entered into
a credit agreement with The Chase Manhattan Bank of Canada for
the benefit of the company's two principal Canadian subsidiaries,
Canadian Forest Oil Ltd. and Producers Marketing Ltd. The
initial borrowing base under the credit facility is C$60 million.
The credit facility has a three-year term and is indirectly
secured by substantially all the assets of Canadian Forest Oil
Ltd. Funds drawn under the credit facility will be used for
general corporate purposes.
Forest Oil Corporation is engaged in the acquisition,
exploration, development, production and marketing of natural gas
and crude oil in North America. Forest's principal reserves and
producing properties are located in the Gulf of Mexico, Texas,
Oklahoma and Canada. Forest's common and preferred stocks are
traded on the Nasdaq National Market system under the FOIL and
FOILO symbols, respectively.
February 14, 1996
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