Rite Aid Announces Closing of Exchange Offer for $600 Million of its Senior Notes Due 2023

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced the settlement of its previously announced offer to exchange (the “Exchange Offer”) up to $600 million aggregate principal amount (the “Maximum Amount”) of its outstanding 6.125% Senior Notes due 2023 (the “Old Notes”) for newly issued 7.500% Senior Secured Notes due 2025 (the “New Notes”). The purpose of the Exchange Offer was to improve the Company’s maturity profile by extending th