---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-26-000086"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2026-04-17T23:59:59+00:00"
generated_at: "2026-05-15T05:31:41.304054+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# CRC amends credit facility to reduce borrowing costs

## Summary
- Ninth Amendment to Amended and Restated Credit Agreement with Citibank as agent, effective April 14, 2026.
- Pricing grid revised to lower the company's borrowing costs under the facility.
- Amendment also includes other technical changes to the credit agreement.
- Full terms filed as Exhibit 10.1 with certain details redacted.

## SEC filing metadata
- accession: 0001609253-26-000086
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2026-04-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000086/0001609253-26-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000086/crc-20260414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-26-000086
- JSON: https://secwatch.observer/filing/0001609253-26-000086.json
- Plain text: https://secwatch.observer/filing/0001609253-26-000086.txt

## Key facts
- Material Agreements
  California Resources Corp amended Ninth 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 2026-04-14).
  - 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: 2026-04-14
  source text: On April 14, 2026, California Resources Corporation (the "Company") entered into an amendment (the "Ninth Amendment") to the Amended and Restated Credit Agreement, dated as of April 26, 2023 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000086/0001609253-26-000086-index.htm

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