|08:41 EDT||MILL||Miller Energy discloses termination of oili hedges with KeyBank National|
In a regulatory filing, Miller Energy disclosed that it terminated the portion of its oil hedges with KeyBank National Association that had been scheduled to mature in July. The liquidation yielded approximately $2.6M in net proceeds to the company. The company has applied the full amount of these proceeds to pay down amounts outstanding under our revolving credit facility created by the Credit Agreement, dated as of June 2, 2014, among the company, as borrower, KeyBank, as administrative agent, and the lenders party thereto. This was the final portion of the company's oil hedges.