Financing ·
BKV prices $500M of convertible senior notes due 2031 at a 32.5% premium to stock
BKVBKV Corp
On September 9, 2026, BKV Corporation announced the pricing of an upsized offering of $500 million aggregate principal amount of its 1.625% convertible senior notes due 2031, increasing from a previously proposed $400 million. The notes settle on September 14, 2026, and carry an initial conversion price of approximately $31.93 per share, representing a 32.5% premium to the closing stock price of $24.10. BKV granted an option for purchasers to buy up to an additional $75 million in notes. Net proceeds are estimated at $481.8 million, with approximately $35.0 million allocated to repurchase 1,452,282 shares of common stock and $56.3 million used to fund capped call transactions to mitigate dilution. BKV Corporation is an energy company focused on natural gas production, gathering, processing, power generation, and carbon capture.