CRC prices $350M add-on of 7% notes due 2034; proceeds to redeem 8.25% notes due 2029

California Resources Corp

Offering upsized from $250M to $350M of 7.000% senior unsecured notes due 2034.
Notes priced at 100.500% of par; expected to close on March 23, 2026.
Net proceeds used with cash/credit to redeem $350M of 8.250% senior notes due 2029.
Additional notes will be fungible with existing $400M of 7.000% notes issued Oct 2025.

item 8.01item 9.01

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