---
schema_version: "secwatch.filing_event.v1"
accession: "0001609253-26-000120"
form_type: "8-K"
ticker: "CRC"
cik: "0001609253"
company_name: "California Resources Corp"
filed_at: "2026-06-26T21:00:25+00:00"
generated_at: "2026-06-26T21:02:58.696677+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CRC issues $550M 7.250% notes due 2035 to redeem higher-coupon 8.250% notes due 2029

## Summary
- Issued $550M aggregate principal of 7.250% senior unsecured notes due Jan 15, 2035; interest payable semi-annually starting Jan 15, 2027.
- Net proceeds used to redeem all $550M of 8.250% senior notes due 2029 at 104.125% plus accrued interest; redemption closed June 26, 2026.
- Notes are guaranteed by existing subsidiaries that guarantee the revolving credit facility and the 7.000% notes due 2034.
- Refinancing extends maturity from 2029 to 2035 and reduces coupon by 100 bps, lowering annual interest expense.

## SEC filing metadata
- accession: 0001609253-26-000120
- form_type: 8-K
- ticker: CRC
- cik: 0001609253
- company_name: California Resources Corp
- filed_at: 2026-06-26T21:00:25+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000120/0001609253-26-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609253/000160925326000120/crc-20260626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001609253-26-000120
- JSON: https://secwatch.observer/filing/0001609253-26-000120.json
- Plain text: https://secwatch.observer/filing/0001609253-26-000120.txt

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