Miller Energy Resources Announces Public Offering of Series C Preferred Shares
Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") announced today that it has commenced a new underwritten public offering of its 10.75% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"). MLV & Co. LLC, Maxim Group LLC, and Williams Financial Group are acting as underwriters to offer and sell the Series C Preferred Stock, on a "best efforts" basis. MLV & Co. LLC is acting as Sole Book-Running Manager and Maxim Group LLC and Williams Financial Group as Co-Managers for the offering. The Company intends to use the net proceeds from the offering for general corporate purposes. The Series C Preferred Stock is listed on the New York Stock Exchange ("NYSE") under the symbol "MILLprC."
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.