On Friday, Shares of California Resources Corp (NYSE:CRC), lost -10.99% to $3.24.
California Resources Corporation, declared the early participation results of its private offers to exchange (the “Exchange Offers”) up to $2.8125 billion aggregate principal amount (the “Maximum Exchange Amount”) of its outstanding 5.0% Senior Notes due 2020 (the “5% Notes”), 5.5% Senior Notes due 2021 (the “5½% Notes”) and 6.0% Senior Notes due 2024 (the “6% Notes” and together with the 5% Notes and the 5½% Notes, the “Old Notes”) held by Eligible Holders (as defined below), for newly issued 8.00% Senior Secured Second Lien Notes due 2022 (the “New Secured Notes”).
As of 5:00 p.m. New York City time on December 1, 2015, (the “Early Participation Time”) about $3,653,296,000 in aggregate principal amount of the Old Notes, representing 73.07% of the outstanding principal amount of the Old Notes, had been validly tendered (and not validly withdrawn) following the Exchange Offers.
Because the aggregate principal amount of Old Notes validly tendered (and not validly withdrawn) at or before the Early Participation Time exceeded the Maximum Exchange Amount, CRC will accept Old Notes tendered preceding to the Early Participation Time on a pro rata basis as offered in the Offering Memorandum (as defined below) and will not accept any Old Notes tendered after the Early Participation Time. Based on participation to date, about 77% of Old Notes validly tendered in the Exchange Offers will be accepted for exchange.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres. It also gathers, processes, and markets oil and gas products, in addition to produces and sells power. The company is headquartered in Los Angeles, California.
Shares of T-Mobile US Inc (NASDAQ:TMUS), inclined 2.58% to $35.45, during its last trading session.
T-Braxton Carter, Executive Vice President & Chief Financial Officer, Mike Sievert, Chief Operating Officer, and Neville Ray, Executive Vice President & Chief Technology Officer of T-Mobile US, Inc. (TMUS) will present and give a business update at 11:30 a.m. Eastern Standard Time on Monday, December 7th at the UBS 43rd Annual Global Media and Communications Conference in New York, NY.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets.
Finally, Shares of Relypsa Inc (NASDAQ:RLYP), ended its last trade with 30.56% gain, and closed at $29.14.
Relypsa, declared that John A. Orwin, president and chief executive officer, will present at the Oppenheimer 26th Annual Healthcare Conference on December 8, 2015 at 2:10 p.m. ET.
Relypsa, Inc., a biopharmaceutical company, focuses on the development and commercialization of non-absorbed polymeric drugs to treat disorders in the areas of renal, cardiovascular, and metabolic diseases in the United States.