---
title: "BKV Raises Leverage Limits Under RBL Credit Facility With Citibank in Sixth Amendment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287403309.md"
description: "BKV has amended its reserve-based lending credit agreement with Citibank, increasing net leverage thresholds for distributions, debt prepayments, and investments. The limits rise from 2.00x to 2.25x for distributable free cash flow and from 1.75x to 2.00x for other actions, enhancing capital allocation flexibility while maintaining covenant discipline. The amendment is effective from May 20, 2026."
datetime: "2026-05-22T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287403309.md)
  - [en](https://longbridge.com/en/news/287403309.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287403309.md)
generator: "portal-rs"
---

# BKV Raises Leverage Limits Under RBL Credit Facility With Citibank in Sixth Amendment

BKV entered into a Sixth Amendment to its reserve-based lending credit agreement to increase allowable net leverage thresholds tied to distributions, voluntary debt prepayments, and permitted investments. The amendment lifts certain limits from 2.00x to 2.25x when calculated on distributable free cash flow, and from 1.75x to 2.00x for additional actions, in each case based on specified undrawn commitments. The changes are intended to provide greater flexibility in capital allocation while maintaining covenant discipline.

**Agreement details:**

-   **Agreement type**: Sixth Amendment to reserve-based lending credit agreement
-   **Counterparty**: Citibank, as administrative agent, and other lenders
-   **Signed / Effective**: May 20 2026 / same
-   **Reason**: Increase flexibility for distributions, debt prepayments, and investments

Original SEC Filing: BKV Corp \[ BKV \] - 8-K - May. 22, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**