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FINWIRES

BKV Prices Upsized $500 Million Private Notes Offering

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BKV (BKV) priced a private offering of $500 million of 1.625% convertible senior unsecured notes due Oct. 15, 2031, upsized from the previously planned $400 million, the company said late Wednesday.

Initial purchasers have an option to purchase up to an additional $75 million of notes.

BKV expects the offering to generate about $481.8 million in net proceeds, with $35 million to be used to repurchase 1,452,282 common shares in connection with the offering, the company said.

BKV expects the issuance and sale of the notes to settle Monday.

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