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California Resources Corp (CRC.N)

CRC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

California Resources says ‍entered into $1.3 bln credit agreement with Goldman Sachs Bank USA and various lenders​
Saturday, 18 Nov 2017 

Nov 17 (Reuters) - California Resources Corp :California Resources - ‍entered into $1.3 billion credit agreement with Goldman Sachs Bank USA, Bank Of New York Mellon Trust Company and various lenders​.California Resources Corp says the ‍2017 term loans under the credit agreement mature on December 31, 2022​ - SEC Filing.California Resources- proceeds of loans in credit agreement used to pay outstanding term loans&part of revolving loans in credit agreement as of Sept'14‍​.  Full Article

California Resources Corp posts Q3 loss of $3.11 per share
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - California Resources Corp :California Resources Corporation announces third quarter 2017 results.Q3 adjusted loss per share $1.22.Q3 earnings per share view $-1.59 -- Thomson Reuters I/B/E/S.Q3 loss per share $3.11.Qtrly total revenues and other $445 million versus $456 mln‍​.Qtrly t‍otal daily production volumes averaged 128,000 BOE/D versus 138,000 BOE/D.  Full Article

Victoria and Sam Liao reports 8.15 pct passive stake in California Resources
Wednesday, 31 Aug 2016 

California Resources Corp : Victoria and Sam Liao reports 8.15 pct passive stake in California Resources as of August 29, 2016 - SEC Filing Source - http://bit.ly/2cr1hAb Further company coverage: [CRC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

California Resources says entered into $1 bln credit agreement with Goldman Sachs Bank USA
Thursday, 18 Aug 2016 

California Resources Corp : Says entered into a $1 billion credit agreement (the “new credit agreement”) with Goldman Sachs Bank USA . Says amended its credit agreement, dated as of September 24, 2014 .Amendment provides relief from application of existing financial maintenance covenants until the end of first quarter of 2018.  Full Article

California Resources Corp provides update on tender offer
Monday, 15 Aug 2016 

California Resources Corp :California resources corporation announces oversubscription of its tender offer for outstanding notes and expected debt reduction of approximately $625 million.  Full Article

California Resources upsizes offers to purchase outstanding notes for cash
Monday, 8 Aug 2016 

California Resources Corp : California resources corporation announces upsize of its offers to purchase outstanding notes for cash .Increased from $525 million to $750 million maximum amount of cash it may use to purchase its outstanding notes.  Full Article

California Resources says announces new $1 billion term loan
Saturday, 6 Aug 2016 

California Resources Corp : California resources corporation announces new $1 billion term loan . Says priced a proposed one billion dollar new first lien secured credit facility arranged by goldman sachs bank usa .New syndicated facility would have an expected 5-year term.  Full Article

California Resources Q2 loss per share $3.51
Thursday, 4 Aug 2016 

California Resources Corp : California Resources Corporation announces second quarter 2016 financial results . Q2 loss per share $3.51 . Q2 adjusted loss per share $1.80 . Q2 earnings per share view $-1.49 -- Thomson Reuters I/B/E/S . CRC did not have any drilling rigs running during Q2 of 2016 . Quarterly total production of 140,000 BOE per day . Qtrly oil and natural gas net sales $404 million versus $621 million .Q2 revenue view $436.0 million -- Thomson Reuters I/B/E/S.  Full Article

California Resources announces offer to purchase outstanding notes for cash
Monday, 1 Aug 2016 

California Resources Corp : Offer to buy outstanding notes that can be purchased with $525 million in cash subject to acceptance priority levels . Offer to buy up to combined amount of outstanding 5 percent senior notes due 2020, 5.5 percent senior notes due 2021, 6.0 percent senior notes due 2024 .Offer to also buy 8.00 percent second lien secured notes due 2022.  Full Article

California Resources announces 1-for-10 reverse stock split
Wednesday, 1 Jun 2016 

California Resources Corp : Reverse stock split proportionally reduced total number of shares outstanding from approximately 410 million to approximately 41 million . Concurrently with reverse split, authorized shares reduced from 2 billion to 200 million, authorized preferred stock reduced to 20 million . Each 10 shares of company's common stock outstanding were combined into 1 share of common stock .California Resources Corporation announces 1-for-10 reverse stock split.  Full Article