secwatch.observer — SEC 8-K summary
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Issuer:     California Resources Corp (CRC)
CIK:        0001609253
Form:       8-K
Filed at:   2026-06-16T21:13:28+00:00
Accession:  0001609253-26-000116
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000116/0001609253-26-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609253/000160925326000116/crc-20260616.htm
  HTML page:      https://secwatch.observer/filing/0001609253-26-000116

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