Post Tagged with: "California Resources Corporation"

California Resources Corporation agrees on comprehensive balance sheet restructuring with key creditors

California Resources Corporation agrees on comprehensive balance sheet restructuring with key creditors

Oil and Gas 360


Transaction to be implemented in pre-arranged Chapter 11 case

Finally resolves leveraged capital structure inherited from 2014 spin-off

  • Pre-arranged restructuring will eliminate over $5 billion of debt and mezzanine equity interest and consolidate CRC’s ownership of
E&P Forms $500 Million JV With PE Firm

E&P Forms $500 Million JV With PE Firm

By Tyler Losier, Energy Reporter, Oil & Gas 360

Colony Capital agrees to invest up to $500 million in California Resources Corporation
California Resources Corporation (stock ticker: CRC) has formed a strategic joint venture with Colony HB2 Energy, the energy