secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001193125-24-205372
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CRC completes $300M add-on of 8.25% senior notes; tenders up to $300M of 7.125% 2026 notes
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- Completed private offering of $300M aggregate principal of 8.250% senior notes due 2029, priced at 101% of par.
- Total outstanding in series now $900M; notes rank equally with existing unsecured debt.
- Concurrently commenced tender offer for up to $300M of its 7.125% senior notes due 2026, using net proceeds and cash.
- Offering not conditioned on tender offer, but tender offer conditioned on offering closing.
- Interest on new notes payable semi-annually starting Dec 15, 2024; maturity June 15, 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000119312524205372/0001193125-24-205372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000119312524205372/d822091d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-205372

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