{"schema_version":"secwatch.filing_event.v1","accession":"0000950157-23-001280","form_type":"8-K","ticker":"OXY","cik":"0000797468","company_name":"OCCIDENTAL PETROLEUM CORP /DE/","filed_at":"2023-12-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.025734+00:00","generated_at":"2026-06-07T06:39:22.652557+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OXY enters $4.7B term loan agreement to fund CrownRock acquisition","bullets":["Total commitments: $2.0B 364-day tranche and $2.7B two-year tranche.","Proceeds to pay cash consideration for CrownRock acquisition, refinance Target debt, and pay fees.","Interest at Term SOFR or Alternate Base Rate plus margin based on OXY's credit ratings (112.5-225 bps for 364-day SOFR).","Commitments contingent on closing of CrownRock; commitments terminate December 10, 2024 (or later if outside date extended).","Covenant requires Total Debt to Total Capitalization ratio ≤ 0.65 to 1.00 tested quarterly."],"urls":{"canonical":"https://secwatch.observer/filing/0000950157-23-001280","json":"https://secwatch.observer/filing/0000950157-23-001280.json","markdown":"https://secwatch.observer/filing/0000950157-23-001280.md","text":"https://secwatch.observer/filing/0000950157-23-001280.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/797468/000095015723001280/0000950157-23-001280-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/797468/000095015723001280/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:39:22.652557+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"032a3b7b72c40866f6a3a8d6f407263f70a2c7c5","claim":"OCCIDENTAL PETROLEUM CORP /DE/ entered into Term Loan Agreement with Bank of America, N.A., as administrative agent, and certain financial institutions, as lenders valued at $4.7 billion (effective 2023-12-28).","evidence_excerpt":"On December 28, 2023, Occidental Petroleum Corporation (“Occidental”) entered into a $4.7 billion Term Loan Agreement (the “Term Loan Agreement”) with Bank of America, N.A., as administrative agent, and certain financial institutions, as lenders","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/797468/000095015723001280/0000950157-23-001280-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and certain financial institutions, as lenders"},{"label":"Value","value":"$4.7 billion"},{"label":"Effective","value":"2023-12-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}