Rite Aid Announces Cash Tender Offers for Its Senior Unsecured Notes Due 2027 and 2028
Rite Aid Corporation (RAD)
Last rite aid corporation earnings: 4/16 07:00 am
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US:NYSE Investor Relations:
riteaid.com/corporate/investor-relations
Company Research
Source: Business Wire
CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that it has commenced cash tender offers (the “Tender Offers”) to purchase up to $100 million aggregate principal amount of its outstanding 7.70% Senior Notes due 2027 (“2027 Notes”) and 6.875% Senior Notes due 2028 (the “2028 Notes” and together with the 2027 Notes, the “Notes”). The Tender Offers support the Company’s objective to reduce its total indebtedness while managing its liquidity and interest expense.The following table sets forth certain material terms of the Tender Offers:Series ofNotesCUSIPNumber/ISINAggregatePrincipalAmountOutstanding(in millions)Dollars per $1,000 Principal Amount of Notes(1)Tender OfferConsideration Early TenderPremiumTotalConsideration (2)7.70% SeniorNotes due2027767754AJ3 /US767754AJ35$270.461$560$50$610 6.875% SeniorNotes due2028767754AR5 /US767755AR50 /U76659AF5 /USU76659AF59$68.442
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