Baker Botts Represents BKV Corporation in Upsized $500 Million Convertible Senior Notes Offering

"Baker Botts L.L.P. represented BKV Corporation in an upsized private offering of $500 million aggregate principal amount of 1.625% Convertible Senior Notes due 2031, priced Sept. 9, 2026 and scheduled to close Sept. 14, 2026. The offering includes an option for an additional $75 million. Proceeds will fund capped call transactions, repurchase about $35 million of common stock, and be used for general corporate purposes."

Baker Botts L.L.P. represented BKV Corporation in its private offering of convertible senior notes. The offering was upsized to $500 million from an original $400 million. BKV sold $500 million aggregate principal amount of 1.625% Convertible Senior Notes due 2031, which mature on Oct. 15, 2031. The offering priced on Sept. 9, 2026 and is scheduled to close on Sept. 14, 2026, subject to customary closing conditions. BKV granted the initial purchasers an option to purchase up to an additional $75 million aggregate principal amount of notes. BKV intends to use a portion of the net proceeds to fund the cost of capped call transactions and approximately $35 million to repurchase shares of its common stock in connection with the offering. The company intends to use the remaining net proceeds for general corporate purposes, including repayment of outstanding indebtedness and capital expenditures. Baker Botts L.L.P. represented BKV Corporation with a team composed by: Corporate: Samantha Crispin (Partner, Dallas); Preston Bernhisel (Partner, Dallas); Tala Esmaili (Senior Associate, Dallas); William Cozzens (Senior Associate, Austin); Circle Robie (Associate, Austin); JD Oliver (Associate, Dallas). Finance: Evan Koster (Partner, New York); Luke Weedon (Partner, Dallas).

Menu

Baker Botts Represents BKV Corporation in Upsized $500 Million Convertible Senior Notes Offering

Read the full story

Menu

Baker Botts Represents BKV Corporation in Upsized $500 Million Convertible Senior Notes Offering

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads