---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-24-000022"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:22:29.200239+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CRC amends credit agreement to permit up to $500M bridge loan for Petra acquisition

## Summary
- Second Amendment dated Feb 9, 2024 amends existing credit agreement to enable bridge loan facility.
- Bridge loan facility capped at $500M less any senior unsecured note proceeds funded before acquisition close.
- Financing supports acquisition of Green Gate Resources Parent (Petra) under agreement dated Feb 7, 2024.
- Amendment sets bridge loan incurrence window from Feb 9, 2024 to May 7, 2025.
- Existing lenders including Citibank, KeyBank, MUFG, Mizuho, RBC, TD, Deutsche Bank, Goldman Sachs, Jefferies, Morgan Stanley, BP Energy approved amendment.

## SEC filing metadata
- accession: 0001609253-24-000022
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000022/0001609253-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925324000022/crc-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-24-000022
- JSON: https://secwatch.observer/filing/0001609253-24-000022.json
- Plain text: https://secwatch.observer/filing/0001609253-24-000022.txt

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