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March 12, 2026 • 1-minute read
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
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