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EX-99.1 - EXHIBIT 99.1 - FOREST OIL CORPa50566280ex991.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  February 15, 2013

FOREST OIL CORPORATION

(Exact name of registrant as specified in its charter)

New York

(State or other jurisdiction of incorporation)

1-13515

25-0484900

(Commission File Number)

 

(IRS Employer Identification No.)

 

707 17th Street, Suite 3600, Denver, Colorado

80202

(Address of principal executive offices)

(Zip Code)

303.812.1400

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 7.01.

Regulation FD Disclosure.

          On February 15, 2013, Forest issued a press release announcing the closing on the sale of the vast majority of South Texas properties in the previously announced transaction with Hilcorp Energy I, L.P. The press release also announced that the proceeds from the sale will be used to redeem the remainder of Forest’s 8.5% Senior Notes due 2014, and that in connection with the closing of the sale transaction the borrowing base under Forest’s senior credit facility will be reduced to $900 million.  A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

          The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit

Description

 

99.1

Press Release.

Page 2


SIGNATURES

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, 2013

By

/s/ Cyrus D. Marter IV

Cyrus D. Marter IV

Senior Vice President, General

Counsel and Secretary

Page 3


INDEX TO EXHIBITS FILED WITH THE CURRENT REPORT ON FORM 8-K

Exhibit

Description

 

99.1

Press Release

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