California Resources closes $600M 8.250% senior notes offering due 2029

California Resources Corp

Issued $600M aggregate principal of 8.250% senior notes due June 15, 2029.
Interest payable semi-annually on June 15 and December 15, starting Dec 15, 2024.
Notes subject to special mandatory redemption if Aera Merger not closed by May 7, 2025.
Guaranteed on a senior unsecured basis by existing and future credit-facility guarantors.

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