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Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item
Published on 10/2/2014 in the Prospect News Bank Loan Daily.

Rite Aid will draw under revolver to fund $270 million notes redemption

By Tali Rackner

Norfolk, Va., Oct. 2 – Rite Aid Corp. plans to use borrowings under its revolving credit facility to fund the redemption of all $270 million of its 10¼% senior notes due October 2019, according to a 10-Q filing with the Securities and Exchange Commission.

The notes will be redeemed on Oct. 15.

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


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