secwatch / observer
8-K filed December 18, 2025, 6:59 PM ET ticker CRC CIK 0001609253
M&A confidence high sentiment neutral materiality 0.75

California Resources Corp (CRC): M&A transaction — CRC completes all-stock merger with Berry for ~$253M in CRC shares

California Resources Corp

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

California Resources Corp completed an acquisition involving Berry Corporation (bry) for 0.0718 shares of CRC Common Stock per share of Berry Common Stock (closed 2025-12-18).

Action
acquisition
Counterparty
Berry Corporation (bry)
Consideration
0.0718 shares of CRC Common Stock per share of Berry Common Stock
Closing
2025-12-18
Exact text from the filing
The Eighth Amendment became effective upon the closing of the previously announced all-stock combination (the “ Merger ”) contemplated by that certain Agreement and Plan of Merger, dated September 14, 2025 (the “ Merger Agreement ”), by and among CRC, Berry Corporation (bry), a Delaware corporation (“ Berry ”) and Dornoch Merger Sub, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of CRC (“ Merger Sub ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

California Resources Corp amended Eighth Amendment with Citibank, N.A., as administrative agent and collateral agent, and the banks, financial institutions and other lending institutions from time to time parties thereto (effective 2025-12-15).

Action
amendment
Agreement
credit facility
Counterparty
Citibank, N.A., as administrative agent and collateral agent, and the banks, financial institutions and other lending institutions from time to time parties thereto
Effective
2025-12-15
Exact text from the filing
On December 15, 2025, California Resources Corporation, a Delaware corporation (“ CRC ”) entered into an amendment (the “ Eighth Amendment ”) to the Amended and Restated Credit Agreement, dated as of April 26, 2023
View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

California Resources Corp filing history →

Source: SEC EDGAR
accession 0001609253-25-000110
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