Core Viewpoint - California Resources Corporation (CRC) plans to offer $250 million in 7.000% senior unsecured notes due 2034 to fund the redemption of its existing 8.250% senior unsecured notes due 2029 [1][2] Group 1: Offering Details - The new notes will be offered as additional notes under an existing indenture, which previously included $400 million of 7.000% senior notes [1] - The terms of the new notes will be substantially identical to the existing notes, except for the issue date and price [1] - The offering is intended for qualified institutional buyers and non-U.S. persons, adhering to specific regulations under the Securities Act [3] Group 2: Use of Proceeds - The net proceeds from the new notes will be used, along with cash on hand and/or borrowings, to redeem $250 million of the 2029 notes at a redemption price of 100% plus applicable premium and accrued interest [2] 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 [7] - The company aims to maximize the value of its land and mineral ownership through projects related to carbon capture and storage and emissions reduction [7]