California Resources raises credit facility commitments to $1.45 billion from $1.15 billion
California Resources Corporation entered into a seventh amendment to its credit agreement on October 29, 2025, adding new lenders and increasing the aggregate elected commitment amount from $1.15 billion to $1.45 billion. The filing describes the change as a financing update to the existing facility, and the full amendment is filed as Exhibit 10.1.
Key points
- Aggregate elected commitments rose from $1.15 billion to $1.45 billion under the Seventh Amendment.
- The amendment, dated October 29, 2025, adds certain new lenders to the facility.
- Administrative agent and collateral agent is Citibank, N.A.; the original credit agreement is dated April 26, 2023.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.