BKV Corp.
Description
Received $100 million in preferred equity from Oaktree Capital Management LP toward the acquisition of Devon Energy Corp.’s assets in the Barnett Shale plus a commitment to invest an additional $600 million in future mutually agreed upon opportunities in natural gas. Guggenheim Securities was financial adviser to BKV and Fox Rothschild LLP was its legal adviser. Kirkland & Ellis LLP was legal adviser to Oaktree.
Oaktree Capital Pledges $600 Million Investment to Fuel Natural Gas Dealmaking