Oct 17, 2007. /Lesprom Network/. Pope & Talbot, Inc. announced on October 16, 2007 that it has agreed to a further 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 through October 26, 2007. 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 U.S. and Canada. Markets for the company's products include the U.S., Europe, Canada, South America and the Pacific Rim.