BKV amends credit agreement to ease leverage covenants; borrowing base reaffirmed at $1B

BKV Corp

Sixth Amendment increases max net leverage ratio for restricted payments from 2.00x to 2.25x (based on distributable free cash flow) and from 1.75x to 2.00x for additional restricted payments.
Similar increases for voluntary debt prepayments and permitted investments.
Borrowing base reaffirmed at $1.0B with no change; redetermination effective May 20, 2026.
New subsidiary BKV Heritage Pkwy, LLC added as guarantor and pledgor under the credit agreement.
Amendment effective immediately; conditions satisfied including no default, representations true.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

BKV Corp entered into Sixth Amendment to Credit Agreement with Citibank, N.A., as administrative agent, and the Lenders valued at Amends reserve-based lending agreement to increase maximum permitted net leverage ratios for restric (effective 2026-05-20).

Action: entry
Agreement: credit facility
Counterparty: Citibank, N.A., as administrative agent, and the Lenders
Value: Amends reserve-based lending agreement to increase maximum permitted net leverage ratios for restric
Effective: 2026-05-20

Exact text from the filing

On May 20, 2026, BKV Corporation (“BKV”), BKV Upstream Midstream, LLC, a Delaware limited liability company (“BKV Upstream Midstream”), and certain of BKV Upstream Midstream’s subsidiaries, as guarantors, entered into a Sixth Amendment to Credit Agreement (the “Sixth Amendment”) with Citibank, N.A., as administrative agent, and the Lenders (as defined in the Sixth Amendment) party thereto.

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BKV Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-065750

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