BKV Corporation announced the pricing of its private offering of $500 million aggregate principal of 7.500% senior notes due 2030 at par. The offering was made by BKV Upstream Midstream, LLC, a wholly-owned subsidiary of BKV.
The closing of the BKV 2030 Notes Offering is expected to occur on or about September 26, 2025, subject to customary closing conditions. The proceeds are earmarked to fund the cash portion of the Bedrock Production, LLC acquisition, repay existing borrowings under the RBL Credit Agreement, and cover related fees and expenses.
The notes are subject to a special mandatory redemption if the Bedrock Acquisition is not completed by November 1, 2025, or if the purchase agreement is terminated before that date. This pricing provides certainty regarding the financing for BKV's strategic growth initiatives.
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