California Resources (CRC) said late Wednesday it priced an upsized private offering of $350 million of 7% senior unsecured notes due 2034.
The offering is expected to be completed on March 23, subject to closing conditions, according to a statement.
Net proceeds will be used to redeem $350 million of its 8.25% senior unsecured notes due 2029, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.