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MILL > SEC Filings for MILL > Form 8-K on 28-Jun-2013All Recent SEC Filings

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Form 8-K for MILLER ENERGY RESOURCES, INC.


28-Jun-2013

Entry into a Material Definitive Agreement, Other Events, Financial


Item 1.01. Entry into a Material Definitive Agreement.

On June 27, 2013, Miller Energy Resources, Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") by and among the Company and MLV & Co. LLC ("MLV"), as representative for the underwriters identified therein (collectively, the "Underwriters"), with respect to the sale by the Company of 335,000 shares (the "Shares") of the Company's 10.75% Series C Cumulative Redeemable Preferred Stock, par value $0.0001 per share and liquidation preference of $25.00 per share (the "Series C Preferred Stock") through the Underwriters on a "best efforts" basis (the "Offering"). The Shares are being offered to the public at $21.50 per share.

The Shares will be issued pursuant to a final prospectus supplement filed on June 28, 2013 with the Securities and Exchange Commission (the "Commission") pursuant to Rule 424(b) of the Securities Act of 1933, as amended (the "Securities Act"), in connection with a takedown from the Company's shelf registration statement on Form S-3 (File No. 333-183750), which became effective on September 18, 2012. The Underwriting Agreement provides that the Underwriters will offer and sell the Shares for the Company on a "best efforts" basis, and the Underwriters are under no obligation to purchase any Shares for their own account or sell any specific number or dollar amount of securities. The Company expects to close the offering on July 2, 2013, subject to the satisfaction of customary closing conditions as set forth in the Underwriting Agreement.

The Underwriting Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions under which the Company, on the one hand, and the Underwriters, on the other hand, have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act.

In the ordinary course of business, the Underwriters or their respective affiliates have engaged and may in the future engage in various financing, commercial banking and investment banking services with, and provide financial advisory services to, the Company and its affiliates for which they have received or may receive customary fees and expenses. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.



Item 8.01 Other Events.

On June 26, 2013, we issued a press release announcing the launch of the Offering. Attached as Exhibit 99.1 is the related press release. On June 27, 2013, we issued a press release announcing the pricing of the Offering. Attached as Exhibit 99.2 is the related press release.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 8.01 of Form 8-K, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of Miller Energy Resources, Inc. under the Securities Act of 1933 or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

On June 28, 2013, LeClairRyan, a Professional Corporation, delivered to the Company an opinion with respect to the validity of the Series C Preferred Stock and the shares of the Company's common stock issuable upon conversion of the Series C Preferred Stock in accordance with the Articles of Amendment (collectively, the "shares"), and a tax opinion, copies of which are filed as Exhibits 5.1 and 8.1 hereto, respectively, which opinions are incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
No. Description
1.1 Underwriting Agreement dated June 27, 2013 by and among the Miller Energy Resources, Inc. and MLV & Co. LLC as representative for the underwriters identified therein.
5.1 Opinion of LeClairRyan, a Professional Corporation, regarding the validity of the shares.
8.1 Opinion of LeClairRyan, a Professional Corporation, regarding tax matters.
12.2 Calculation of Earnings to Combined Fixed Charges and Preferred Dividends, Incorporated by reference to Exhibit 12.1 of the Company's registration statement on Form S-3 filed with the SEC on September 6, 2012.
23.1 Consent of LeClairRyan, a Professional Corporation, (contained in Exhibit 5.1 and 8.1 hereto).
99.1 Press Release Announcing Launch of the Offering of Series C Preferred Stock.
99.2 Press Release Announcing Pricing of the Offering of Series C Preferred Stock.

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