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California Resources Corporation Completes Financial Restructuring

Vinson & Elkins is advising California Resources Corporation (“CRC”) as Texas co-counsel in connection with its Chapter 11 bankruptcy filing in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. On October 27, 2020, CRC announced that it has completed its financial restructuring and will emerge from the bankruptcy process with a significantly stronger balance sheet.

The V&E team is led by partners Paul Heath, Sarah Morgan, Matthew Moran and Scott Rubinsky with assistance from associates Matt Struble, Kiran Vakamudi, Jing Tong and Kelly King.

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