BKV prices upsized USD 500 million convertible senior notes offering

BKV priced an upsized private offering of USD 500 million 1.625% convertible senior notes due 2031 under Rule 144A.

• The deal increased from USD 400 million.
• Settlement is scheduled for Sept. 14, 2026.
• Initial purchasers have a 13-day option to buy up to an additional USD 75 million of notes.
• Net proceeds are estimated at about USD 481.8 million, or about USD 554.7 million if the option is fully exercised.
• Funds are earmarked for capped call transactions, a USD 35 million share repurchase, and general corporate purposes including debt repayment.