Core Viewpoint - California Resources Corporation (CRC) has announced an upsized private offering of $350 million in senior unsecured notes, increasing from a previously announced $250 million, with a maturity date of January 15, 2034 and an interest rate of 7.000% per year [1][2]. Group 1: Offering Details - The notes are priced at 100.500% of par, plus accrued interest from October 8, 2025, and will pay interest semi-annually on January 15 and July 15 each year, with the first payment on July 15, 2026 [1]. - The offering is expected to close on March 23, 2026, subject to customary closing conditions [1]. - The notes will be treated as a single series with previously issued $400 million of 7.000% senior notes, sharing identical terms except for issue date and price [2]. Group 2: Use of Proceeds - The net proceeds from this offering will be used to redeem $350 million of 8.250% senior unsecured notes due 2029 at a redemption price of 100% plus applicable premium and accrued interest [3]. - The redemption of the 2029 notes is contingent upon the completion of the offering of the new notes [3]. Group 3: Company Overview - California Resources Corporation is an independent energy and carbon management company focused on advancing the energy transition while ensuring environmental stewardship [9]. - The company aims to maximize the value of its land and mineral ownership through projects related to carbon capture and storage and emissions reduction [9].