CSC is proud to announce our wholly owned subsidiary, Delaware Trust Company, has been named as successor indenture trustee for the 2L Notes due 2022 issued by California Resources Corporation in connection with CRC’s chapter 11 bankruptcy case. Delaware Trust was selected to represent unsecured creditors and was elected chair of the official committee of unsecured creditors.

Bankruptcy and Restructuring Transactions from CSC GFM August 6, 2020