California Resources Corp — Form 10-Q

California Resources Corporation executed the Tenth Amendment to its credit agreement effective October 29, 2026, with Citibank as administrative agent and a syndicate of 12 arrangers (Citi, Mizuho, Keybanc, Deutsche Bank, Wells Fargo, Truist, MUFG, TD Securities, Sumitomo Mitsui, RBC, Barclays, BMO). The amendment resets the Aggregate Elected Revolving Commitment Amount to $1,470,000,000, extends the Revolving Maturity Date to March 16, 2030, reaffirms the Borrowing Base at $1,500,000,000, and removes Jefferies Finance LLC as a lender. Lenders were rebalanced to hold pro-rata shares, and break-funding fees were waived.