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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 de...
Tender offer part of refinancing that is expected to include an increased revolving credit facility. Refinancing will improve debt maturity profile and result in decreased interest expense. Rite Aid Corporation (NYSE: RAD) (“we,” “us,” “our...
The neighborhood pharmacy encourages flu and COVID-19 vaccination before Halloween to get protected ahead of winter and the holiday season As the U.S. Centers for Disease Control & Prevention (CDC) warns of early increases in seasonal influenza cases , Rite Aid (NYSE...
Shares of drugstore company Rite Aid (NYSE: RAD) jumped 16.3% on Tuesday. The stock closed on Monday at $4.11. It opened on Tuesday at the same price before shooting to a high of $5.09 shortly after noon. It fell a little at the close to $4.74. The stock has a 52-week low of $3.84 a...
New York, New York--(Newsfile Corp. - October 24, 2022) - Levi & Korsinsky, LLP notifies investors in Rite Aid Corporation ("Rite Aid" or the "Company") (NYSE: RAD) of a class action securities lawsuit. The lawsuit on behalf of Rite Aid investors has been commenced in the the United Sta...
Penny Stocks To Buy Now There are plenty of penny stocks to buy right now, but some of the most sought-after right now are ones with high short interest. What’s the biggest reason for this? When traders who are short get caught in a short squeeze, the resulting rally can be viole...
Summary Kroger is the second-biggest grocer by market share in the U.S., next to Walmart & Costco, and food essentials make consumer staples more resilient investments during high volatility. In a deal valued at nearly $25B, Kroger has agreed to acquire Albertsons, yet shares ...
Rite Aid to serve as a one-stop destination for diagnostic testing with strep test and combination COVID-19/flu test With flu and respiratory illnesses expected to increase during fall and winter months, Rite Aid (NYSE: RAD) is making diagnostic testing easier for Michigan c...
Parents and guardians can visit Riteaid.com to schedule appointments for the updated booster as well as the flu shot; Health officials recommend getting up-to-date on COVID and Flu vaccinations by Halloween Following FDA authorization and new CDC recommendations, Rite Aid (N...
In the Search to Find the Best Halloween Candy, New Data Reveals Reese’s, MILKY WAY® and M&M’S® Among Favorites Halloween is lurking around the corner and in honor of the spooky season, Rite Aid has released surprising findings on consumer...
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Secures Interim Approval to Access Up to $3.45 Billion in Debtor-in-Possession Financing Continues to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Compan...
Stein Succeeds Elizabeth “Busy” Burr Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) an...
Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives Receives Commitment f...