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Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item
Published on 6/17/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Rite Aid to redeem its 9½% notes due 2017 via new notes offering

By Tali David

Minneapolis, June 17 - Rite Aid Corp. plans to redeem its outstanding 9½% senior notes due 2017 with the proceeds of a new senior notes offering, according to a press release.

The company will also use available cash and/or borrowings under its revolving credit facility to fund the redemption.

Rite Aid is a drugstore chain based in Camp Hill, Pa.


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