California Resources Corporation Announces Termination of its Exchange and Subscription Offers and Consent Solicitation
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Business Wire
SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the termination of its private exchange and subscription offers and consent solicitation (the “Offers”) relating to its outstanding 8% Senior Secured Second Lien Notes due 2022 (the “8% Notes”), 5½% Senior Notes due 2021 (the “5½% Notes”) and 6% Senior Notes due 2024 (the “6% Notes” and, together with the 8% Notes and the 5½% Notes, the “Notes”). The Company has also terminated the private subscription agreements (the “Supporting Subscription Agreements”) it entered into with certain significant holders of the Notes (the “Supporting Holders”) because the obligations of the Supporting Holders under the Supporting Subscription Agreements were conditioned upon the consummation of the Offers.The Company is terminating the Offers as a result of recent developments in the commodity and financial markets that render the Offers inadvisable and impractical. The Offe
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News
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRCPR Newswire
- California Resources Co. (NYSE: CRC) had its price target raised by analysts at Stifel Nicolaus from $68.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- California Resources Corporation Achieves MiQ "Grade A" Certification for its Los Angeles Basin Assets [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin AssetsBusiness Wire
- California Resources Co. (NYSE: CRC) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $62.00 price target on the stock.MarketBeat
CRC
Earnings
- 2/27/24 - Miss
CRC
Sec Filings
- 4/23/24 - Form PREM14A
- 3/26/24 - Form 4
- 3/26/24 - Form 8-K
- CRC's page on the SEC website