CORRECT: Rite Aid Lines Up $3.45 Billion DIP to Fund Chapter 11

Rite Aid has secured $3.45 billion from lenders to fund its operations during bankruptcy, according to a statement.

The debtor-in possession financing is comprised of the following debt, according to court documents:

• A $2.85 billion asset-based revolving credit facility
• A $400 million first-in, last-out senior secured term loan facility
• A $200 million senior secured term loan facility
• READ MORE: Rite Aid Files for Bankruptcy as Debt Load, Opioid Risk Rise

(Corrects size of loan in headline.)

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Natalie Harrison in New York at nharrison73@bloomberg.net

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