BKV Corporation ("BKV" or the "Company") (NYSE:BKV) announced today that it intends to offer, subject to market conditions, $400 million aggregate principal amount of convertible senior notes due 2031 (the "Notes") in a private offering to eligible purchasers. BKV also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $60 million principal amount of Notes (the "Initial Purchaser Option").

The Notes will be senior, unsecured obligations of BKV, will accrue interest payable semi-annually in arrears and will mature on October 15, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. BKV will settle conversions by paying or delivering, as applicable, cash or a combination of cash and shares of its common stock ("Common Stock"), at the Company’s election, based on the applicable conversion rate(s).