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Pope & Talbot signs new lender agreement

Portland, OR–Pope & Talbot has entered a forbearance agreement with its senior secured lenders to extend access to…

Portland, OR–Pope & Talbot has entered a forbearance agreement with its senior secured lenders to extend access to liquidity provided by the revolving credit facility under its senior secured credit agreement for six weeks while it continues to explore options to improve its balance sheet.

The agreement requires the company to expand those efforts during the six-week forbearance period to include soliciting offers to purchase all or substantially all of the companys assets or equity interests.