Rite Aid’s Bondholders Band Together Amid Debt, Earnings Woes

A group of secured bondholders of Rite Aid Corp. is working with Evercore and Paul Weiss Rifkind Wharton & Garrison ahead of potential talks with the company to rework its debt, according to people with knowledge of the matter.

The retailer is grappling with $2.9 billion of debt, some of which is due to be repaid in 2025 and 2026. Some investors are considering proposals to provide cash to the company as part of a so-called liability management deal to help manage what it owes, said the people, asking not to be identified because the matter is private.

Representatives for ...