---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-215598"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2025-09-24T23:59:59+00:00"
generated_at: "2026-05-17T05:47:27.459845+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CRC prices $400M 7.000% senior notes due 2034 to fund Berry merger

## Summary
- Private offering of $400M aggregate principal at par; 7.000% coupon, maturity 2034.
- Net proceeds ~$394M after discounts; expected closing October 8, 2025.
- Proceeds used with cash and credit facility to repay Berry debt in pending merger.
- Special mandatory redemption at 100% if Berry merger not closed by March 14, 2026.
- Notes unsecured, guaranteed by existing and certain future subsidiaries.

## SEC filing metadata
- accession: 0001193125-25-215598
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2025-09-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000119312525215598/0001193125-25-215598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000119312525215598/d13520d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-215598
- JSON: https://secwatch.observer/filing/0001193125-25-215598.json
- Plain text: https://secwatch.observer/filing/0001193125-25-215598.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.