California Resources said it plans a private offering of USD 250 million of 7% senior unsecured notes due 2034. The notes will be additional securities under an existing indenture and will be treated as a single series with its outstanding 7% senior notes due 2034. Proceeds, together with cash on hand and/or revolving credit facility borrowings, are intended to fund the redemption of USD 250 million of 8.25% senior unsecured notes due 2029. The redemption is expected to be conditioned on completion of the new notes offering.
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: 202603110939PRIMZONEFULLFEED9670063) on March 11, 2026, and is solely responsible for the information contained therein.