Rite Aid (RAD) Files Voluntary Chapter 11

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Go back to Rite Aid (RAD) Files Voluntary Chapter 11

Rite Aid Takes Steps to Accelerate Transformation and Position Company for Long-Term Success

October 15, 2023 10:37 PM EDT

Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan

Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives

Receives Commitment for $3.45 Billion in New Financing to Support Business Operations

Continuing to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms

PHILADELPHIA--(BUSINESS WIRE)-- Rite Aid Corporation (NYSE: RAD) (Rite Aid or the... More