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Rite Aid accepts $6.1M of senior notes for purchase

Rite Aid Corp. on May 22 announced the results of its offer launched April 19 to purchase up to $700 million of certain of its outstanding indebtedness, comprising 6.75% senior notes due 2021 and 6.125% senior notes due 2023.

Following the offer's May 21 expiration date, the drugstore retailer said it had validly tendered and accepted for purchase $1.36 million principal amount of the 2021 notes, or 0.17% of the outstanding principal amount, and $4.76 million principal amount of the 2023 notes, or 0.27% of the outstanding principal amount.