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Rite Aid Corporation Completes Add-on Offering Of 9.25% Senior Notes Due 2020
Rite Aid Corporation announced that it has closed its previously announced offering of an additional $421.0 million aggregate principal amount of 9.25% Senior Notes due 2020 (the “New Notes”). The proceeds of the offering of the New Notes, together with available cash, are being used to fund Rite Aid’s cash tender offer (the “Tender Offer”) for any and all of its 9.375% Senior Notes due 2015 (CUSIP 767754BQ6) (the “Old Notes”) and the related consent solicitation (the “Consent Solicitation”).
Latest Developments for Rite Aid Corp
- Rite Aid Corp Issues FY 2014 Guidance; Net Income Guidance Above Analysts' Estimates; Comments On FY 2014 Same Store Sales Guidance
- Rite Aid Corp Narrows FY 2013 Revenue Guidance To A Range Below Analysts' Estimates; Raises FY 2013 Earnings Guidance
- Rite Aid Corp Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EBITDA Guidance; Raises FY 2013 Net Loss Guidance
- Rite Aid Corporation Lowers FY 2013 Revenue And Same Store Sales Guidance; Raises Low End Of Prior FY 2013 EBITDA Guidance; Raises High End Of Prior FY 2013 Net Income And EPS Guidance
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