Item 8.01 Other Events.
On March 5, 2020, California Resources Corporation ("CRC") issued a press
release announcing the early participation results of its private exchange and
subscription offers relating to its outstanding 8% Senior Secured Second Lien
Notes due 2022, 5½% Senior Notes due 2021 and 6% Senior Notes due 2024. A copy
of the press release is filed herewith as Exhibit 99.1.
Statements contained in Item 8.01 of this report and Exhibit 99.1 hereto that
state CRC's or its management's expectations or predictions of the future are
forward-looking statements intended to be covered by the safe harbor provisions
of the Securities Act and the Exchange Act. It is important to note that the
actual results of CRC and Elk Hills RoyaltyCo could differ materially from those
projected in such forward-looking statements. Factors that could affect the
results include those mentioned in the documents that the Company has filed with
the Securities and Exchange Commission (the "SEC").
CRC undertakes no duty or obligation to publicly update or revise the
information contained in Item 8.01 of this report and Exhibit 99.1 hereto,
although CRC may do so from time to time in management's discretion. Any such
updating may be made through the filing of other reports or documents with the
SEC, through press releases or through other public disclosure including
disclosure in the Investor Relations portion of CRC's website.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Press release dated March 5, 2020.
Cover Page Interactive Data File (embedded within the Inline
104 XBRL document)
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