{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-142231","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2024-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.238111+00:00","generated_at":"2026-06-01T12:45:14.003230+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CRC Launches $500M Senior Notes Offering to Repay Aera Debt Upon Merger Close","bullets":["CRC announces private offering of $500M senior unsecured notes due 2029, guaranteed by existing credit facility guarantors.","Net proceeds, plus cash and credit facility borrowings, will repay Aera Companies' $950M outstanding debt at merger close.","Notes subject to special mandatory redemption if Aera Merger not closed by May 7, 2025 or if terminated earlier.","Pro forma for Aera Merger: TTM ended Mar 31, 2024 total operating revenues $3.8B, adjusted EBITDAX $1.756B.","Pro forma combined production 146 MBoe/d (CRC 76, Aera 70); CRC had $401M cash, Aera $121M cash as of Apr 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-142231","json":"https://secwatch.observer/filing/0001193125-24-142231.json","markdown":"https://secwatch.observer/filing/0001193125-24-142231.md","text":"https://secwatch.observer/filing/0001193125-24-142231.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000119312524142231/0001193125-24-142231-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000119312524142231/d828680d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T12:45:14.003230+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}