Frontier Oil gets $225 million amended and restated revolver

By Sara Rosenberg

New York, Nov. 23 - Frontier Oil Corp. closed on an amended and restated $225 million revolving credit facility due June 16, 2008, according to a company news release.

Union Bank of California and BNP Paribas were the lead banks on the deal.

Security is accounts receivable and inventory.

The new working capital revolver replaces a $175 million revolver. This increase was made to "allow Frontier greater flexibility in a prolonged high crude oil price environment," the release said.

Frontier is a Houston-based energy company.

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