AMERICAS DISTRESS DAILY: Once-Bankrupt Rite Aid Engages Lenders

Rite Aid Corp. is in talks with providers of its asset-backed loan to fully access the facility and implement its turnaround plan, according to people familiar with the matter.

The drug-store chain needs cash to replenish inventory and is discussing with the lenders the removal of blockers that are preventing Rite Aid from tapping resources available under that facility, said the people, who asked not to be identified discussing private information.

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