California Resources Corp. Files 8-K on Material Agreement
Ticker: CRC · Form: 8-K · Filed: Jun 5, 2024 · CIK: 1609253
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-K
Related Tickers: CRC
TL;DR
CRC filed an 8-K on June 5th for a material definitive agreement and financial obligation.
AI Summary
California Resources Corp. entered into a material definitive agreement on June 5, 2024, related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices in Long Beach, California, filed this 8-K report to disclose this event. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a significant financial event for California Resources Corp., potentially impacting its debt structure or operational financing.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce new risks or alter existing ones for a company.
Key Numbers
- 001-36478 — SEC File Number (Identifies the company's filing history with the SEC.)
- 46-5670947 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- California Resources Corp. (company) — Registrant
- June 5, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 1 World Trade Center, Suite 1500, Long Beach, California 90831 (address) — Principal executive offices
FAQ
What specific material definitive agreement did California Resources Corp. enter into?
The filing indicates the entry into a material definitive agreement and a direct financial obligation, but the specific details of the agreement are not provided in this summary section of the 8-K.
What is the nature of the direct financial obligation?
The filing states that the company has entered into a direct financial obligation or an obligation under an off-balance sheet arrangement, but the exact nature and terms are not detailed in the provided text.
When was this material definitive agreement entered into?
The earliest event reported, which includes the entry into the material definitive agreement, was on June 5, 2024.
Where are California Resources Corp.'s principal executive offices located?
California Resources Corp.'s principal executive offices are located at 1 World Trade Center, Suite 1500, Long Beach, California 90831.
What is the company's standard industrial classification?
California Resources Corp.'s Standard Industrial Classification is CRUDE PETROLEUM & NATURAL GAS [1311].
Filing Stats: 1,344 words · 5 min read · ~4 pages · Grade level 13.1 · Accepted 2024-06-05 16:30:00
Key Financial Figures
- $600.0 million — reviously announced private offering of $600.0 million aggregate principal amount of its 8.250
Filing Documents
- d844238d8k.htm (8-K) — 32KB
- d844238dex41.htm (EX-4.1) — 761KB
- 0001193125-24-155155.txt ( ) — 1084KB
- crc-20240605.xsd (EX-101.SCH) — 3KB
- crc-20240605_lab.xml (EX-101.LAB) — 18KB
- crc-20240605_pre.xml (EX-101.PRE) — 11KB
- d844238d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits Exhibit No. Description 4.1 Indenture, dated June 5, 2024, by and among the Company, the Guarantors and the Trustee. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 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 By: /s/ Michael L. Preston Michael L. Preston Executive Vice President, Chief Strategy Officer and General Counsel DATED: June 5, 2024