California Resources Corp Enters Material Definitive Agreement
Ticker: CRC · Form: 8-K · Filed: Oct 31, 2025 · CIK: 1609253
| Field | Detail |
|---|---|
| Company | California Resources CORP (CRC) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.15 billion, $1.45 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
Related Tickers: CRC
TL;DR
CRC signed a big deal, details TBD.
AI Summary
California Resources Corp (CRC) announced on October 29, 2025, that it has entered into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for California Resources Corp, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the material definitive agreement.
Key Players & Entities
- California Resources Corp (company) — Registrant
- October 29, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by California Resources Corp?
The filing does not specify the nature of the material definitive agreement.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the identity of the counterparty.
Are there any financial terms or dollar amounts associated with this agreement?
The filing does not provide any financial terms or dollar amounts related to the agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 29, 2025.
What is the principal executive office address for California Resources Corp?
The principal executive office is located at 1 World Trade Center, Suite 1500, Long Beach, California 90831.
Filing Stats: 555 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-10-31 16:30:18
Key Financial Figures
- $1.15 billion — d commitment amount of the lenders from $1.15 billion to $1.45 billion. The above description
- $1.45 billion — nt of the lenders from $1.15 billion to $1.45 billion. The above description of the Seventh A
Filing Documents
- crc-20251029.htm (8-K) — 26KB
- a20251029exhibit101.htm (EX-10.1) — 63KB
- 0001609253-25-000083.txt ( ) — 217KB
- crc-20251029.xsd (EX-101.SCH) — 2KB
- crc-20251029_lab.xml (EX-101.LAB) — 22KB
- crc-20251029_pre.xml (EX-101.PRE) — 13KB
- crc-20251029_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 29, 2025, California Resources Corporation (the "Company") entered into an amendment (the "Seventh Amendment") to the Amended and Restated Credit Agreement, dated as of April 26, 2023 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), with Citibank, N.A., as administrative agent and collateral agent, and the banks, financial institutions and other lending institutions from time to time parties thereto. The purpose of the Seventh Amendment was to, among other things, (i) add certain new lenders to the facility, and (ii) increase the aggregate elected commitment amount of the lenders from $1.15 billion to $1.45 billion. The above description of the Seventh Amendment is not complete and is qualified in its entirety by reference to the full text of the Seventh Amendment, which is filed as Exhibit 10.1 hereto and incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Seventh Amendment to Amended and Restated Credit Agreement, entered into effective as of October 29 , 2025 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain portions of this exhibit (indicated by "[*****]") have been omitted pursuant to Item 601(b)(10) of Regulation S-K. 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: October 31, 2025