Forest Oil Corp. - 2012-09-13

Has priced its private offering of 7.5% senior notes due 2020. Forest intends to use a portion of the net proceeds from the offering of approximately $490.2 million to fund the proposed redemption of 50% of the aggregate principal amount of its outstanding 8.5% senior notes due 2014, and the balance to reduce borrowings under its bank credit facility. Pending the proposed redemption of the 2014 notes, the portion of the net proceeds necessary to fund that redemption will be used to temporarily reduce borrowings under Forest’s bank credit facility or for general corporate purposes.