Item 1.01 Entry into a Material Definitive Agreement. OnApril 30, 2020 ,California Resources Corporation (the "Company") entered into an amendment to its credit agreement withJPMorgan Chase Bank, N.A. ,as Administrative Agent, Swingline Lender and a Letter of Credit Issuer,Bank of America, N.A ., as Syndication Agent, Swingline Lender and a Letter of Credit Issuer, and the lenders named therein, dated as ofSeptember 24, 2014 . The amendment defers the redetermination of the Company's borrowing base toMay 15, 2020 , reduces the revolving loan limit from$1 billion to$900 million effective the date of the amendment and makes other technical amendments. The description above is qualified in its entirety by the amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated by reference into this Item 1.01. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Tenth Amendment to Credit Agreement, dated as ofApril 30, 2020 , among the Company, as the Borrower,JPMorgan Chase Bank, N.A ., as Administrative Agent, and the Lenders party thereto 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source