California Resources Corp Files 8-K

TL;DR

CRC filed an 8-K, likely containing important financial updates. Keep an eye out.

AI Summary

California Resources Corp (CRC) filed an 8-K on May 21, 2024, to report other events and financial statements. The filing does not detail specific transactions or financial figures but serves as a notification of these events and exhibits being filed.

Why It Matters

This 8-K filing indicates that California Resources Corp is providing updates and financial information to the SEC, which is crucial for investors to stay informed about the company's status.

Risk Assessment

Risk Level: low — The filing is a routine disclosure and does not contain information that inherently increases risk.

Key Players & Entities

• California Resources Corp (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• May 21, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $600 million — cing of its upsized private offering of $600 million in aggregate principal amount of its 8.

Filing Documents

• crc-20240521.htm (8-K) — 27KB
• ex99120240521.htm (EX-99.1) — 14KB
• image_1a.jpg (GRAPHIC) — 29KB
• image_2a.jpg (GRAPHIC) — 47KB
• 0001609253-24-000090.txt ( ) — 276KB
• crc-20240521.xsd (EX-101.SCH) — 2KB
• crc-20240521_lab.xml (EX-101.LAB) — 22KB
• crc-20240521_pre.xml (EX-101.PRE) — 13KB
• crc-20240521_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On May 21, 2024, California Resources Corporation (the "Company") issued a press release announcing the pricing of its upsized private offering of $600 million in aggregate principal amount of its 8.250% senior notes due 2029 at par. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. Additional Information and Where to Find It This communication may be deemed to be solicitation material in respect of the transactions contemplated by the merger agreement (the "Merger Agreement") relating to the business combination (the "Aera Merger") with Aera Energy LLC and Aera Energy Services Company (the "Aera Companies"), including the proposed issuance of the Company's common stock pursuant to the Merger Agreement. In connection with the transaction, the Company filed a proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission ("SEC"), as well as other relevant materials. Following the filing of the definitive proxy statement, the Company mailed the definitive proxy statement and a proxy card to its stockholders. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE AERA COMPANIES, THE AERA MERGER AND RELATED MATTERS. Investors and security holders will be able to obtain copies of the proxy statement as well as other filings containing information about the Companies, the Aera Companies and the Aera Merger, without charge, at the SEC's website, www.sec.gov. Copies of documents filed with the SEC by the Company will be available, without charge, at the Company's website, www.crc.com. The information included on, or accessible through, the Company's website is not incorporated by reference into this communication. Participants in Solicitation The Company and its directors and

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated May 21, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. California Resources Corporation /s/ Michael L. Preston Name: Michael L. Preston Title: Executive Vice President, Chief Strategy Officer and General Counsel DATED: May 21, 2024

View Full Filing

View this 8-K filing on SEC EDGAR