• BKV entered a sixth amendment on May 20, 2026 to BKV Upstream Midstream’s reserve-based lending credit agreement with Citibank as administrative agent.
• The changes raise the maximum permitted net leverage ratio for certain restricted payments tied to equity interests to as high as 2.25x from 2x, depending on undrawn lender commitments.
• Limits were also increased for certain voluntary debt prepayments or redemptions, with the top leverage cap lifted to 2.25x from 2x under the same undrawn-commitment framework.
• The amendment similarly increases leverage headroom for certain permitted investments to as high as 2.25x from 2x, with separate thresholds for additional actions lifted to 2x from 1.75x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BKV Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-065750), on May 22, 2026, and is solely responsible for the information contained therein.