California Resources plans private offering of $550 million senior unsecured notes due 2035

California Resources Corp

California Resources Corp

CRC

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  • California Resources launched a private offering of USD 550 million of senior unsecured notes due 2035.
  • Proceeds, revolver borrowings, or cash on hand earmarked to redeem USD 550 million of 8.25% senior notes due 2029.
  • Redemption price set at 104.13% of principal, excluding accrued interest; redemption expected to hinge on completing the new notes sale.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606160821PRIMZONEFULLFEED9747727) on June 16, 2026, and is solely responsible for the information contained therein.

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