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EX-99.1 - EXHIBIT 99.1 - California Resources Corpcrcexchangeofferextensionf.htm






UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 27, 2015
 
 
 
 
 
 
California Resources Corporation
(Exact Name of Registrant as Specified in Charter)
 
 
 
 
 
 
Delaware
001-36478
46-5670947
(State or Other Jurisdiction of
Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
 
 
9200 Oakdale Avenue, Suite 900
Los Angeles, California
91311
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s Telephone Number, Including Area Code: (888) 848-4754
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
 
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
 
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01
Other Events.

On November 27, 2015, California Resources Corporation issued a press release announcing an increase in the size of its private offer to exchange certain of its outstanding debt securities for newly issued 8.00% Second Lien Notes due 2022 and an extension of the deadline to receive the early participation premium. A copy of the press release is filed herewith as Exhibit 99.1 and incorporated by reference in this current report.

The information contained in this report is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act 1933, except as shall be expressly set forth by specific reference in such filing.

Statements contained in the exhibit to this report that state the Company's or its management's expectations or predications of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.

The Company undertakes no duty or obligation to publicly update or revise the information contained in this report, although the Company may do so from time to time as management believes warranted. 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 the Company's website.




 
 
Item 9.01
Financial Statements and Exhibits.
 
 
 
(d)
Exhibits
 

 
 
 
Exhibit No.
Description
99.1
Press Release of California Resources Corporation, dated November 27, 2015
 
 
 
 


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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



California Resources Corporation
 
 
 
 
 
/s/ Roy Pineci
Name:
Roy Pineci
Title:
Executive Vice President - Finance
 
 
 
 
 
 
 
 







DATED: November 27, 2015




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EXHIBIT INDEX
 
 
 
Exhibit No.
Description
99.1
Press Release of California Resources Corporation, dated November 27, 2015






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