New Issue-Rite Aid Corp sells $270 mln in 10-yr sr sec notes

Oct 19 (Reuters) - Rite Aid Corp (RAD.N) on Monday sold
$270 million of second lien senior secured notes in the 144a
private placement market, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $250 million.

Citigroup, Bank of America, Goldman Sachs, and Wells Fargo
were the joint bookrunning managers for the sale.
BORROWER: RITE AID CORP*
AMT $270 MLN COUPON 10.25 PCT MATURITY 10/15/2019
TYPE SR SEC NOTES ISS PRICE 99.242 FIRST PAY 4/15/2010
MOODY'S Caa2 YIELD 10.375 PCT SETTLEMENT 10/26/2009
S&P B-MINUS SPREAD 700 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YEARS*
*MAMKE-WHOLE CALL 75 BPS.
*GUARANTEED ON A SECOND LIEN BASIS BY SUBSTANTIALLY ALL OF RITE
AID'S UNITS.