Rite Aid Announces Intent to Redeem all of its Outstanding 6.125% Senior Notes Due 2023
April 28 2021 - 4:15PM
Business Wire
Rite Aid Corporation (NYSE: RAD) today announced that it has
issued a notice of redemption (the “Redemption”) for all
$90,808,000 aggregate principal amount of its outstanding 6.125%
Senior Notes Due 2023 (CUSIP No. 767754CH5 and CUSIP No. U76659AW8)
(the “Notes”) on May 28, 2021 (the “Redemption Date”). The
redemption price for the Notes is equal to 100.00% of the principal
amount of the Notes to be redeemed plus accrued and unpaid
interest, if any, to but excluding the Redemption Date. Rite Aid
intends to fund the redemption through borrowings under its
existing credit facility.
A notice of redemption is being mailed to all registered holders
of the Notes by The Bank of New York Mellon Trust Company, N.A.
Requests for documents relating to the Redemption may be directed
to The Bank of New York Mellon Trust Company, N.A., the Paying
Agent, at (312) 827-8547.
About Rite Aid Corporation
Rite Aid Corporation is on the front lines of delivering
healthcare services and retail products to Americans 365 days a
year. Our pharmacists are uniquely positioned to engage with
customers and improve their health outcomes. We provide an array of
whole being health products and services for the entire family
through over 2,500 retail pharmacy locations across 17 states.
Through Elixir, we provide pharmacy benefits and services to
millions of members nationwide. For more information,
www.riteaid.com.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this release that are not historical, are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "predict,"
"project," "should," and "will" and variations of such words and
similar expressions are intended to identify such forward-looking
statements.
These forward-looking statements are not guarantees of future
performance and involve risks, assumptions and uncertainties, which
are described in Item 1A (Risk Factors) of our most recent Annual
Report on Form 10-K, in Item 1A (Risk Factors) of our Quarterly
Report on Form 10-Q filed on July 2, 2020 and in other documents
that we file or furnish with the Securities and Exchange Commission
(the “SEC”), which you are encouraged to read. To the extent that
COVID-19 adversely affects our business and financial results, it
may also have the effect of heightening many of such risk
factors.
Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results
may vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
rely on these forward-looking statements, which speak only as of
the date they are made.
Rite Aid expressly disclaims any current intention, and assumes
no duty, to update publicly any forward-looking statement after the
distribution of this release, whether as a result of new
information, future events, changes in assumptions or
otherwise.
All references to “Company” and “Rite Aid” as used throughout
this release refer to Rite Aid Corporation and its affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20210428006051/en/
INVESTORS: Trent Kruse (717) 975-3710 investor@riteaid.com
MEDIA: Christopher Savarese (717) 975-5718
Christopher.Savarese@riteaid.com
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