BKV Corp (BKV): M&A transaction — BKV closes $370M acquisition of Bedrock Barnett Shale assets; issues $500M 7.5% notes due 2030

BKV Corp

Completed acquisition of Bedrock Production for ~$370M, adding 97,000 net acres and 108 MMcfed production in Barnett Shale.
Issued $500M aggregate principal amount of 7.500% senior unsecured notes due 2030 to fund cash portion of purchase price.
Acquisition adds ~800 Bcfe proved reserves, 1,121 producing locations, 50 new drill locations and 80 refrac locations.
BKV issued 5,233,957 shares of common stock as part of Stock Consideration (fair value ~$124.2M at close).
Strengthens BKV's position as largest natural gas producer in Barnett Shale with low decline rates (~7% 1-year).

item 1.01 item 2.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BKV Corp incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association, as trustee at 7.500% maturing October 15, 2030.

Instrument: senior notes
Principal: $500,000,000
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 7.500%
Maturity: October 15, 2030
Event: incurrence

Exact text from the filing

On September 26, 2025, BKV Upstream Midstream, LLC, a Delaware limited liability company ("BKV Upstream Midstream" or the "Issuer"), issued $500,000,000 in aggregate principal amount of 7.500% senior unsecured notes due 2030 (the "Notes"), pursuant to an indenture, dated September 26, 2025 (the "Indenture"), by and among the Issuer, BKV Corporation ("BKV"), certain other subsidiary guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (the "Trustee").

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BKV Corp completed an acquisition involving Bedrock Energy Partners, LLC (Seller) for $370 million (closed 2025-09-29).

Action: acquisition
Counterparty: Bedrock Energy Partners, LLC (Seller)
Consideration: $370 million
Closing: 2025-09-29

Exact text from the filing

guarantors and collateral grantors under our existing reserve-based lending agreement. The aggregate unadjusted consideration to be paid to Seller in the Bedrock Acquisition is $370 million (the “Purchase Price”), subject to customary adjustments. Pursuant to the Purchase Agreement, at the closing of the Bedrock Acquisition, BKV paid a portion of the Purchase Price

View on SEC.gov

Browse all debt financings →

BKV Corp filing history →

Source: SEC EDGAR

accession 0001104659-25-095671

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.