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home / news releases / RAD - Rite Aid announces tender offer to buy up to $200M of 7.5% senior notes

RAD - Rite Aid announces tender offer to buy up to $200M of 7.5% senior notes

Rite Aid Corporation
  • Rite Aid ( NYSE: RAD ) said Thursday it commenced a tender offer to buy for cash up to $200M of its outstanding 7.5% senior secured notes due 2025.
  • The firm is conducting the offer to improve its capital structure by reducing debt and interest expense, and extending its debt maturity profile.
  • Rite Aid ( RAD ) plans to fund the purchase of notes through amendments to its existing senior secured asset-based revolving credit facility and senior secured term loan facility, and cash on hand.
  • The tender offer will expire immediately after 11.59 pm ET on Dec. 2, unless extended or terminated earlier by the firm.

For further details see:

Rite Aid announces tender offer to buy up to $200M of 7.5% senior notes
Stock Information
Company Name: Rite Aid Corporation
Stock Symbol: RAD
Market: NYSE
Website: riteaid.com
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