Frontier Announces Proposed Offering of Convertible Debentures

Frontier Airlines, Inc. (NASDAQ: FRNT) announced its intention to sell, subject to market and other conditions, $80 million aggregate principal amount of convertible debentures due 2025. Frontier is expected to grant the underwriters an over-allotment option to purchase up to an additional $12 million principal amount of debentures. The interest rate, conversion rate and offering price of the debentures are to be determined by negotiations between Frontier and the underwriters.