Sep 18, 2007. /Lesprom Network/. Pope & Talbot, Inc announced on September 17, 2007 that it has agreed to an extension of its forbearance agreement with its senior secured lenders. The agreement will extend the company's access to liquidity provided by the revolving credit facility for an additional four weeks. The company will use this additional time to continue to explore options for improving its balance sheet, including but not limited to, the sale of certain or all of the company's assets. Pope & Talbot is a pulp and wood products business. The company is based in Portland, Oregon and trades on the Pink Sheets. Pope Talbot was founded in 1849 and produces market pulp and softwood lumber at mills in the US and Canada. Markets for the company's products include the US, Europe, Canada, South America and the Pacific Rim.