Rite Aid Loan to MedImpact for Elixir Deal Auctioned at 90 Cents

The $567 million loan supporting MedImpact’s purchase of Elixir Solutions from bankrupt US pharmacy chain Rite Aid Corp. have been successfully sold in auction at 90 cents on the dollar, according to a person with knowledge of the matter.

• Guggenheim Securities conducted the loan sale, and bids had been due on June 26, the person said
• EARLIER: Rite Aid Fights $200 Million Bill After MedImpact Buys Elixir
• MedImpact completed the purchase of Elixir earlier this year
• Rite Aid provided seller financing for the Elixir deal after debt arrangers struggled to secure investor interest
  • Loan is due March 2028 and was ...