Market Overview

Rite Aid Prices Add-On Offering of Senior Notes $421M Notes;Offering Price at 101.25% for $426.3M

Rite Aid Corporation (NYSE: RAD) announced today the pricing of an offering of an additional $421.0 million aggregate principal amount of 9.25% senior notes due 2020 (the “Notes”) at a price of 101.25% which will result in total proceeds of approximately $426.3 million. The Notes are being offered as additional notes under an existing indenture pursuant to which Rite Aid previously issued $481.0 million aggregate principal amount of 9.25% senior notes due 2020. The Notes to be issued in this offering and the previously issued 9.25% senior notes due 2020 will be equal in right of payment, will vote together with, and will form a single class of notes under the indenture. The Notes will be unsecured, unsubordinated obligations of Rite Aid Corporation and will be guaranteed by substantially all of Rite Aid's subsidiaries.

Posted-In: News Financing

 

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