BKV prices upsized $500M 1.625% convertible notes due 2031

BKV Corp

Priced upsized $500M aggregate principal of 1.625% convertible senior notes due Oct 15, 2031; settlement Sept 14, 2026.
Initial conversion price $31.93/share, a 32.5% premium over $24.10 close; conversion rate 31.3161 shares per $1,000.
Net proceeds ~$481.8M; $56.3M for capped call transactions, $35M to repurchase 1,452,282 shares at $24.10.
Initial purchasers granted option for up to $75M additional notes; capped call cap price $48.20/share (100% premium).
Remaining proceeds for general corporate purposes, including debt repayment and capex.

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.