BKV issues $575M 1.625% convertible notes due 2031, repurchases shares

BKV Corp

Issued $575M aggregate principal of 1.625% Convertible Senior Notes due 2031; net proceeds ~$554.7M.
Initial conversion price ~$31.93/share; capped call cap price $48.20/share (100% premium to Sept 9 close).
Used $35.0M to repurchase 1,452,282 common shares at $24.10/share; $64.7M for capped calls.
Remaining proceeds for general corporate purposes, incl. debt repayment and capital expenditures.
Notes mature Oct 15, 2031; interest semi-annual; conversion before July 2031 only on certain events.

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