California Resources Corp.

Description

California Resources Corp. has closed a $1.3 billion first lien secured term loan facility. The 2017 term loan has a 5-year term, bears interest at a rate of LIBOR plus 4.75% per annum, subject to a 1.00% LIBOR floor, and was issued with original issue discount of 2%.

Click here to go back to the search page
Companies
Estimated Price
$1,300.0MM
Financing Type
Report Date