BKV plans USD 400 million convertible senior notes offering

BKV•2026-09-09

BKV launched a USD 400 million private offering of convertible senior notes due 2031, with a USD 60 million upsizing option.
Proceeds earmarked for capped call transactions, up to about USD 35 million of share repurchases, debt repayment, capital spending.
Notes mature Oct. 15, 2031; semi-annual interest; convertible into cash or a cash-share mix at BKV’s election.
Issuer redemption allowed from Oct. 15, 2029 if shares trade above 130% of the conversion price for a specified period.

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