Rite Aid Files Chapter 11; Receives $3.45B Commitment for New Financing from Lenders - News
Rite Aid Corporation has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the contemplated restructuring plan will significantly reduce the Company’s debt, increase its financial...
Source: abladvisor.com