Rite Aid Corp. is seeking to buy back up to $150 million of certain bonds at below-par prices in its latest efforts to trim its debt load.
The Camp Hill, Pennsylvania-based company is willing to repurchase up to $100 million of its 7.5% notes. Bondholders who submit their notes due in 2025 by June 27 are eligible to receive 87 cents on the dollar for their holdings. The securities last traded at 81.25 cents on the dollar, according to Trace.
The company is also seeking to buy back bonds due between 2026 and 2028 at prices between 85 and 57 ...
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