Current Report Filing (8-k)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 7, 2016

 

California Resources Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware	001-36478		46-5670947
(State or Other Jurisdiction of Incorporation)	(Commission File Number)		(IRS Employer Identification No.)
9200 Oakdale Avenue, Suite 900 Los Angeles, California		91311
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: [phone]

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Section 3	Securities and Trading Markets
Item 3.02	Unregistered Sales of Equity Securities

    

On October 7, 2016, California Resources Corporation (the “Company”) entered into a privately negotiated exchange agreement with certain holders of its 6% Senior Notes due 2024 and its 5   1/2  % Senior Notes due 2021 in reliance on Section 3(a)(9) of the Securities Act of 1933, as amended. The Company agreed to exchange a total of 1,261,043 shares of its common stock, par value $0.01 per share, for notes in the aggregate principal amount of $21,296,700. No commission or other remuneration was paid or given for soliciting the exchange.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

California Resources Corporation
	/s/ Roy Pineci
Name:	Roy Pineci
Title:	Executive Vice President - Finance

DATED: October 13, 2016

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