{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-26-000114","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2026-06-16T12:24:45+00:00","discovered_at":"2026-06-16T12:30:02.432864+00:00","generated_at":"2026-06-16T12:30:14.906394+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 launches $550M private note offering to refinance 8.25% 2029 notes at 104.125%","bullets":["CRC announces private offering of $550M senior unsecured notes due 2035, proceeds to redeem existing $550M 8.250% notes due 2029.","Redemption price set at 104.125% of principal plus accrued interest; offering not contingent on redemption completion.","Q1 2026 net loss $711M (incl. $869M unusual items); pro forma TTM adjusted EBITDAX $1,358M.","As of May 31, 2026, CRC had $32M cash and no revolver borrowings outstanding.","Berry merger completed Dec 18, 2025; pro forma financials reflect combined entity."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-26-000114","json":"https://secwatch.observer/filing/0001609253-26-000114.json","markdown":"https://secwatch.observer/filing/0001609253-26-000114.md","text":"https://secwatch.observer/filing/0001609253-26-000114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000114/0001609253-26-000114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925326000114/crc-20260616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T12:30:14.906394+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"}