TPH and PWP Advise California Resources in Connection with its Pre-Arranged Chapter 11 Filing

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. and Perella Weinberg Partners LP served as financial advisor to California Resources Corporation (NYSE: CRC) in connection with its pre-arranged chapter 11 filing. CRC, California’s largest oil and natural gas exploration and production company, filed for chapter 11 bankruptcy protection in the Southern District of Texas, with a Restructuring Support Agreement in place with support from 84% of its 2017 Term Loan Lenders, 51% of its 2016 Term Loan Lenders and its midstream joint venture partner, Ares. For CRC’s press release regarding this transaction, please click the link below.