Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, May 21, 12:57 PM
| This Slide: #537 of 665 |
Slide #537. Miller Energy Resources, Inc. — Preferred Stock Offering
| Company: | Miller Energy Resources, Inc. (MILL) |
| Date announced: | 9/24/2013 |
| Date of Pricing: | 9/25/2013 |
| Price Per Share: | $25 |
| Preferred Stock Offering Details: | Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") announced today that it has commenced a new underwritten public offering of its 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock"). MLV & Co. LLC and Maxim Group LLC are acting as Joint Book-Running Managers for the offering. Aegis Capital Corp., Dominick & Dominick LLC, Ladenburg Thalman, National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB: NHLD), and Northland Capital Markets are acting as Co-Managers. The Company intends to use the net proceeds, if any, from the offering for general corporate purposes. The Company intends to file an application to list the Series D Preferred Stock on the New York Stock Exchange LLC. --updated 9/25 - Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") announced today that it has priced an underwritten public offering of its 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share) (the "Series D Preferred Stock") at a public offering price of $25.00 per share. Gross proceeds to the Company are expected to be approximately $25 million. Closing of the offering is scheduled for October 3, 2013, subject to customary closing conditions. The Company expects to file an application to list the Series D Preferred Stock on the New York Stock Exchange LLC. MLV & Co. LLC and Maxim Group LLC are acting as Joint Book-Running Managers for the offering. Aegis Capital Corp., Dominick & Dominick LLC, Ladenburg Thalmann & Co. Inc., National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB: NHLD) and Northland Capital Markets, are acting as Co-Managers. |
Miller Energy Resources is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration, development and operation of oil and gas wells in the Appalachian region of east Tennessee and in southcentral Alaska. Co.'s Alaskan activities include the Cook Inlet, Susitna Basins, and North Fork Unit. Occasionally, during times of excess capacity, Co. provides these services on a contract basis to third-party customers primarily engaged in oil and natural gas exploration and production. As of Apr 30 2014, Co.'s net proved oil and gas reserves were 6.10 billion barrels of oil and 27.64 billion cubic feet of natural gas.
Preferreds: MILL.PRC, MILL.PRD
Open the MILL Page at Preferred Stock Channel »
|
|||||||||
|
|
Open the MILL Page at Preferred Stock Channel (in a new window) »
|
|
Free MILL Email Alerts:
Avg. Broker Rec.
 
|
Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
|
Browse preferred stock yield screens, safer-income pages, offerings research, valuation and liquidation-preference screens, and related market idea pages from across the channel network. These links are grouped by topic to make the list easier to scan. Preferred Yield and Income ScreensCore PreferredStockChannel pages focused on high-yield preferreds, socially responsible income ideas, and safer-income preferred research. Offerings, Structure, and Screening ToolsPages for recent preferred offerings, preferreds by index membership or industry, and insider-related screening ideas. Premium, Discount, and Relative Value ScreensPages centered on preferred stock pricing relative to liquidation preference and comparative value signals. Dividend and Cross-Network Income ResearchRelated dividend and income pages from across the network that support preferred-stock investors comparing income vehicles. Analyst and Broader Market ResearchBroader analyst and market pages that remain part of the live homepage inventory. |
|
|
