10:31 AM EDT, 03/11/2026 (MT Newswires) -- California Resources ( CRC ) said Wednesday it plans to offer $250 million of 7% senior unsecured notes due 2034, as an addition to the previously issued $400 million of existing notes under the same indenture.

Net proceeds from the transaction will be combined with cash and revolving credit borrowings to redeem $250 million of 8.25% senior unsecured notes due 2029, California Resources ( CRC ) said.

The retirement of the older debt is contingent upon the successful completion of the new offering, it said.

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