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MILL > SEC Filings for MILL > Form 8-K on 22-Aug-2014All Recent SEC Filings

Show all filings for MILLER ENERGY RESOURCES, INC.



Entry into a Material Definitive Agreement, Other Events, Financial

Item 1.01. Entry into a Material Definitive Agreement.

On August 20, 2014, Miller Energy Resources, Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") by and between 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 750,000 shares (the "Shares") of the Company's 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock, par value $0.0001 per share and liquidation preference of $25.00 per share (the "Series D Preferred Stock") through the Underwriters on a "best efforts" basis (the "Offering"). The Shares are being offered to the public at $24.50 per share.

The Shares will be issued pursuant to a final prospectus supplement filed on August 22, 2014 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 August 25, 2014, 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 August 20, 2014, we issued a press release announcing the launch of the Offering. This press release is attached as Exhibit 99.1. On August 21, 2014, we issued a press release announcing the pricing of the Offering and a press release regarding our having received a tax credit certificate from the State of Alaska in the amount of approximately $31.2 million. These press releases are attached as Exhibits 99.2 and 99.3, respectively.

Exhibits 99.1, 99.2 and 99.3, are 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 or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

On August 21, 2014, LeClairRyan, a Professional Corporation, delivered to the Company an opinion with respect to the validity of the Series D Preferred Stock and the shares of the Company's common stock issuable upon conversion of the Series D 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

No. Description
1.1 Underwriting Agreement dated August 21, 2014 by and between 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 D Preferred Stock.
99.2 Press Release Announcing Pricing of the Offering of Series D Preferred Stock.
99.3 Press Release Announcing Receipt of Alaskan Tax Credit Certificate.

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