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Legal News

Cahill Represents Dealer Managers in $2.8 Billion Exchange Offer by California Resources Corporation

Date: 12/15/15

Cahill represented the dealer managers in an exchange offer by California Resources Corporation of up to $2.8125 billion aggregate principal amount of its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021 and 6.0% Senior Notes due 2024 for $2.25 billion of newly issued 8.00% Senior Secured Second Lien Notes due 2022. California Resources Corporation is the largest oil and natural gas exploration and production company in California on a gross-operated basis.