Rite Aid Corporation Extends Exchange Offers
CAMP HILL, Pa.--(BUSINESS WIRE)--Dec. 17, 2001--Rite Aid Corporation (NYSE, PCX:RAD) announced today that it has extended its offers to the holders of $21.879 million aggregate principal amount of its 10.5% Senior Secured Notes due 2002 and $150 million aggregate principal amount of its 11 1/4% Senior Notes due 2008 to exchange such notes for a like principal amount of notes which have been registered under the Securities Act of 1933, as amended.
The exchange offers, scheduled to expire on December 14, 2001 at 5:00 p.m. New York City time, will now expire at 5:00 p.m., New York City time, on Thursday, December 20, 2001, unless further extended by the Company. All other terms, provisions and conditions of the exchange offers will remain in full force and effect.
State Street Bank and Trust Company has been appointed as exchange agent for the 10.5% Notes exchange offer and BNY Midwest Trust Company has been appointed as exchange agent for the 11 1/4% Notes exchange offer. Requests for assistance or documents should be directed to State Street Bank and Trust Company at (617) 662-1548 and to BNY Midwest Trust Company at (212) 235-2354.
Rite Aid Corporation said it has been informed by the exchange agents that, as of 5:00 p.m., New York City time, on December 14, 2001, approximately $10.818 million and $147.2 million in aggregate principal amount of its 10.5% Notes and 11 1/4% Notes, respectively, had been tendered in the exchange offers.
These amounts represent approximately 49.4% and 98% of the outstanding 10.5% Notes and 11 1/4% Notes, respectively.
Rite Aid Corporation is one of the nation's leading drugstore chains with annual revenues of more than $14 billion and approximately 3,600 stores in 29 states and the District of Columbia. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.
This notice does not constitute an offer of any securities. |
