HOUSTON, Sept. 21 /PRNewswire-FirstCall/ -- Frontier Oil Corporation
(NYSE: FTO) today announced that it has sold $150 million of 6-5/8% Senior
Notes due 2011 in a private placement. Frontier plans to use the net proceeds
of the offering to fund the previously announced tender offer for its existing
11-3/4% Senior Notes. Closing on the new notes is expected October 1, 2004.
The 6-5/8% Senior Notes will not be registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. The
6-5/8% Senior Notes are expected to be eligible for trading under Rule 144A.
Frontier, headquartered in Houston, operates a 110,000 bpd refinery
located in El Dorado, Kansas and a 46,000 bpd refinery located in Cheyenne,
Wyoming. Information about the Company may be found on its web site
http://www.frontieroil.com .
This news release includes forward-looking statements concerning the
Company. These may include statements of plans or objectives for future
operations, statements about future economic performance or assumptions or
estimates. The accuracy of these forward-looking statements is subject to a
wide range of business risks and changes in circumstances that are described
in our reports that are filed from time to time with the Securities and
Exchange Commission. Actual results and outcomes often differ from
expectations.
SOURCE Frontier Oil Corporation
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Related links:
http://www.frontieroil.com
Company News On-Call:
http://www.prnewswire.com/comp/118801.html
CONTACT:
Doug Aron of Frontier Oil Corporation,
+1-713-688-9600, ext. 145
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