NYSE:CRCOil and Gas
A Look At California Resources (CRC) Valuation After New Debt Refinancing Plan
Refinancing move reshapes California Resources (CRC) debt profile
California Resources (CRC) has drawn fresh attention after announcing plans to issue US$250 million of 7.000% senior unsecured notes due 2034. The company intends to use the proceeds to redeem its existing 8.250% notes due 2029.
See our latest analysis for California Resources.
The refinancing news comes on top of a strong run in the shares, with a 12.58% 30 day share price return and 35.44% year to date. The 1 year total...