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Vinson & Elkins Advises California Resources Corporation on $350 Million Notes Offering

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Vinson & Elkins advised California Resources Corporation (the “Company”) in connection with an upsized private offering (the “Offering”) of an additional $350 million in aggregate principal amount of its 7.000% senior unsecured notes due 2034. The Company will use the net proceeds from the Offering, together with cash on hand and/or borrowings under its revolving credit facility, to fund the redemption of $350 million aggregate principal amount of its outstanding 8.250% senior unsecured notes due 2029. The Offering is expected to close on March 23, 2026.

The Vinson & Elkins corporate team was led by Partners Scott Rubinsky, Sarah Morgan, and David Stone, with assistance from Senior Associate Layton Suchma and Associates Connor Rabalais, Graham Buck, and David Strumeyer. Also advising were Partner Wendy Salinas, Senior Associate Jeff Slusher, and Associate Patrick Darby; Partner Caitlin Turner and Associate John Brown; and Partner David D’Alessandro, Counsel Missy Spohn, and Senior Associate Nicole Waterstradt.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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