secwatch.observer — SEC 8-K summary
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Issuer:     BKV Corp (BKV)
CIK:        0001838406
Form:       8-K
Filed at:   2026-09-10T12:35:50+00:00
Accession:  0001104659-26-106560
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838406/000110465926106560/0001104659-26-106560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838406/000110465926106560/tm2625092d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-106560

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