Sept 12 - Independent oil and natural gas company Forest Oil Corp (FST.N) 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.
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.
