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June 22, 2026 • 1-minute read
Vinson & Elkins advised California Resources Corporation (the “Company”) in connection with a private offering (the “Offering”) of $550 million in aggregate principal amount of its 7.250% Senior Notes due 2035. 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 all outstanding $550 million in aggregate principal amount of its 8.250% senior notes due 2029. The Offering is expected to close on June 26, 2026.
The Vinson & Elkins corporate team was led by Partners Scott Rubinsky, Sarah Morgan, and David Stone and Senior Associate Layton Suchma, with assistance from 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 Associates Tyler Wagner and Brad Rossiter, 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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