Rite Aid Corporation 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.
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