Frontier Oil (FTO) Prices $200 Million in Senior Notes
Frontier Oil Corporation (NYSE: FTO) has priced a registered public offering of $200 million aggregate principal amount of senior notes due 2016. The notes will bear interest at a rate of 8.50% per year, payable semi-annually in arrears, beginning March 15, 2009.
The notes offering was made pursuant to Frontier’s shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on December 13, 2005. The proceeds from the notes offering will be used for general corporate purposes. The transaction is expected to close on September 17, 2008, subject to customary closing conditions.
Frontier Oil Corporation is an independent energy company engaged in crude oil refining and the wholesale marketing of refined petroleum products.[SM]
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