Rite Aid Prices Offering of Senior Notes
Rite Aid Corporation (NYSE: RAD) announced today the terms of an offering of $481.0 million aggregate principal amount of 9.25% senior notes due 2020 (the “Notes”). The Notes will be unsecured, unsubordinated obligations of Rite Aid Corporation and will be guaranteed by substantially all of Rite Aid's subsidiaries.
The offering is expected to close on February 27, 2012, subject to customary closing conditions.
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