California Resources Corp announced on June 16, 2026, a proposed private offering of $550 million in senior unsecured notes due 2035. The company intends to use the net proceeds to redeem all outstanding $550 million of its 8.250% senior unsecured notes due 2029 at a redemption price of 104.125% plus accrued interest. California Resources Corp is an oil and gas exploration and production company.
