California Resources Corporation, founded in 2014 and headquartered in Los Angeles, California, is a leading independent oil and natural gas exploration and production company focused on developing resources within the state's boundaries. The company primarily engages in the production of crude oil and natural gas, leveraging its extensive portfolio of onshore properties to drive operational efficiency and sustainable growth.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CRC 7.00% 2034-01-15 USDCalifornia Resources Corporation | United States | 2034-01-15 | 7.000 | 7.19 |
| CRC 7.00% 2034-01-15 USDCalifornia Resources Corporation | United States | 2034-01-15 | 7.000 | 7.38 |
| CRC 7.13% 2026-02-01 USDCalifornia Resources Corporation | United States | 2026-02-01 | 7.125 | 6.28 |
| CRC 7.13% 2026-02-01 USDCalifornia Resources Corporation | United States | 2026-02-01 | 7.125 | 6.05 |
| CRC 7.13% 2026-02-01 USDCalifornia Resources Corporation | United States | 2026-02-01 | 7.125 | 6.28 |
| CRC 8.25% 2029-06-15 USDCalifornia Resources Corporation | United States | 2029-06-15 | 8.250 | 7.19 |
| CRC 8.25% 2029-06-15 USDCalifornia Resources Corporation | United States | 2029-06-15 | 8.250 | 6.83 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, California Resources Corporation has actively issued bonds as part of its capital-raising strategies, with notable issuances beginning in 2015. A significant issuance occurred in early 2021, where the company offered $500 million in senior secured notes due in 2029, aligning with its operational expansion and debt refinancing efforts. Currently, CRS’s bonds yield approximately 7.5%, which is competitive in the energy sector, reflecting its recent credit rating improvements and solidifying investor confidence amidst fluctuating commodity prices.