Friday, oil refining and marketing company Frontier Oil Corp. (FTO) announced its intention to offer senior notes that aggregate upto $200 million and mature in 2016, in a registered public offering with payment guaranteed by material of Frontier's domestic subsidiaries. The proceeds will be used for general corporate purposes.
The Houston, Texas-based company operates 120,000 bpd refinery in Eldorado, Kansas and 52,000 bpd refinery in Cheyenne, Wyoming and markets its refined products which are gasoline, diesel and asphalt, principally along the eastern slope of the Rocky Mountains and in neighboring plains states. The company has a subsidiary Frontier Refining & Marketing, Inc. located in Denver, Colorado.
The offer is made under Frontier's shelf registration statement on Form S-3 filed with the SEC on December 13, 2005. UBS Securities LLC is acting as the sole book running manager for the offering. The list of co-managers include BNP Paribas Securities Corp., Wedbush Morgan Securities Inc., TD Securities (USA) LCC, Wells Fargo Securities LLC, Piper Jaffray & Co., UCI Capital Markets, Inc., Daiwa Securities America Inc., Capital One Southcoast, Inc., and Natixis Bleichroeder Inc.
Frontier Oil closed Friday's regular trading at $19.62, Up 0.92 or 4.92%, on a volume of 4,104,422 shares on the NYSE. In after-hours trade, the stock is currently trading at $18.79, down $0.83 or 4.25%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.