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United States

California Resources Corp (CRC)

CRC on New York Consolidated

19.94USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Victoria and Sam Liao reports 8.15 pct passive stake in California Resources
Wednesday, 31 Aug 2016 10:55am EDT 

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
Wednesday, 17 Aug 2016 05:35pm EDT 

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 08:00am EDT 

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 08:00am EDT 

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
Friday, 5 Aug 2016 05:26pm EDT 

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 07:30am EDT 

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 07:45am EDT 

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 06:39am EDT 

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

California Resources Corp gives Q4 2015 production guidance
Thursday, 5 Nov 2015 04:01pm EST 

California Resources Corp:Sees Q4 2015 production guidance of 151 to 156 Mboe per day.  Full Article

California Resources Corp announces quarterly dividend
Wednesday, 5 Aug 2015 11:40am EDT 

California Resources Corp:Board of Directors has approved a quarterly dividend of 1 cent per share.Payable on October 15 to stockholders of record date as on September 10.  Full Article