California Resources prices $550M 7.250% senior notes due 2035 to refinance existing 8.250% notes at 104.125% premium

California Resources Corp

$550M aggregate principal of 7.250% senior unsecured notes due 2035 priced at par; net proceeds ~$541M.
Proceeds plus credit facility or cash to redeem all $550M outstanding 8.250% notes due 2029 at 104.125% of par.
Redemption of 2029 notes conditioned on closing of new notes; closing expected June 26, 2026.
New notes guaranteed by subsidiaries that guarantee revolving credit facility, 2029 notes, and 7.000% notes due 2034.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.