Baker Botts Represents BKV Corporation in its Initial Public Offering
Deal Description: On September 25, 2024, BKV Corporation (“BKV”) announced the pricing of its initial public offering of 15,000,000 shares of its common stock at an initial public offering price of $18 per share. The shares of BKV’s common stock are expected to begin trading on the New York Stock Exchange under the ticker symbol “BKV” on September 26, 2024. The underwriters have a 30-day option to purchase an additional 2,250,000 shares of common stock from BKV at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on September 27, 2024, subject to customary closing conditions.
Baker Botts is representing BKV in the offering.
Citigroup and Barclays acted as lead book-running managers for the offering. Evercore ISI, Jefferies and Mizuho acted as joint book-running managers. KeyBanc Capital Markets, Susquehanna Financial Group, LLLP, TPH&Co., the energy business of Perella Weinberg Partners, and Truist Securities acted as senior co-managers. Citizens JMP and SMBC Nikko acted as co-managers.
Headquartered in Denver, Colorado, BKV is a forward-thinking, growth-driven energy company focused on creating value for its stockholders. BKV’s core business is to produce natural gas from its owned and operated upstream businesses. BKV (and its predecessor entity) was founded in 2015, and BKV and its employees are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer by gross operated volume in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies.
For more information, please see BKV’s news release by clicking here.
Baker Botts Lawyers/Offices Involved:
- Corporate: Samantha Crispin (Partner, Dallas); Preston Bernhisel (Partner, Dallas); Adorys Velazquez (Partner, New York); Lakshmi Ramanathan (Special Counsel, Houston); William Cozzens (Associate, Austin); Chelsea Johnson (Associate, Houston); Maddie Boezinger (Associate, Dallas)
- Executive Compensation and Benefits: Robin Melman (Partner, New York); Katie Birnhak (Associate, New York)
- Finance: Luke Weedon (Partner, Dallas); Brittany Simington (Senior Associate, Dallas)
- Tax: Steve Marcus (Partner, Dallas); Katie McEvilly (Senior Associate, Houston)
- Environmental: Aileen Hooks (Senior Counsel, Austin)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.
