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.

item 1.01 item 9.01

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