California Resources (CRC) Gains on Exchange Offer
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California Resources Corporation Announces Exchange Offers and Subscriptions Relating to:
February 20, 2020 10:23 PM EST$454 Million Principal Amount of New Term Loans and Common Stock Warrants of the Company $275 Million Principal Amount of Royalty Notes and Class B Common Shares of Elk Hills RoyaltyCo Consent Solicitation
LOS ANGELES--(BUSINESS WIRE)-- California Resources Corporation (CRC or the Company), today announced the commencement of private offers to exchange (the Exchange Offers), upon the terms and conditions set forth in the offering memorandum and solicitation statement (the Offering Memorandum and Solicitation Statement), dated February 20, 2020, and the related letter of transmittal, to all Eligible Holders (as defined below) of its outstanding... More
