---
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"
generated_at: "2026-05-15T14:49:12.453048+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CRC offers $250M additional 7.000% notes due 2034 to redeem 8.250% notes due 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-26-000073
- JSON: https://secwatch.observer/filing/0001609253-26-000073.json
- Plain text: https://secwatch.observer/filing/0001609253-26-000073.txt

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