Rite Aid amends senior secured facility to allow debt issuances

By Marisa Wong

Madison, Wis., Feb. 13 – Rite Aid Corp. amended its senior secured credit facility dated June 27, 2001 with Citicorp North America, Inc. as administrative agent and collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

Among other things, the amendment increased the flexibility of Rite Aid to incur or issue unsecured debt, including debt in connection with its acquisition of Envision Pharmaceutical Services.

The amendment was completed on Feb. 10.

Rite Aid is a Camp Hill, Pa.-based drugstore chain. Envision, which operates as EnvisionRx, is a pharmacy benefit management company.

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