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Forest Alaska Operating, LLC
American Capital exited its investment in Forest Alaska Operating, LLC in the third quarter of 2007.
American Capital Invests $37.5 Million in Forest Alaska
Bethesda, MD – February 28, 2007 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in the fourth quarter of 2006 it invested $37.5 million in Forest Alaska Operating LLC, a subsidiary of Forest Oil Corporation, an oil and gas company engaged in the acquisition, exploration, development and production of reserves primarily in North America. American Capital’s investment supported the establishment of Forest Alaska as an unrestricted subsidiary of Forest Oil and took the form of participation in a second lien term loan facility. [more...]
