{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-26-000073","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2026-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.634710+00:00","generated_at":"2026-05-15T14:49:12.453048+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CRC offers $250M additional 7.000% notes due 2034 to redeem 8.250% notes due 2029","bullets":["Private offering of $250M in 7.000% senior unsecured notes due 2034 priced as additional series under existing indenture.","Proceeds, with cash and/or credit facility, will redeem $250M of 8.250% senior notes due 2029 at 100% plus premium.","Historical 2025 adjusted EBITDAX $1,241M, free cash flow $543M; pro forma (incl. Berry merger) adjusted EBITDAX $1,453M, free cash flow $545M.","Pro forma average daily production 161 MBoe/d; realized oil price $67.49/Bbl with hedge; operating cost $24.48/Boe.","Unrestricted subsidiaries hold ~7% of PP&E, 5% of revenues, and 8% of pro forma adjusted EBITDAX."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-26-000073","json":"https://secwatch.observer/filing/0001609253-26-000073.json","markdown":"https://secwatch.observer/filing/0001609253-26-000073.md","text":"https://secwatch.observer/filing/0001609253-26-000073.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000073/0001609253-26-000073-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000073/crc-20260311.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T14:49:12.453048+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}