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Rite Aid details tender offer results

Rite Aid Corp. detailed the results of its tender offer for $900 million of its outstanding 9.25% senior notes due 2020, 6.75% senior notes due 2021 and 6.125% senior notes due 2023.

The company will purchase the notes for cash at a price equal to 100% of the principal amount of the notes, plus any accrued and unpaid interest up to the date of purchase.

As for the March 29 expiration of the offer, roughly $3.5 million of the 2020 notes, $3.5 million of the 2021 notes, and $41.8 million of the 2023 notes had been validly tendered and accepted for purchase.

The company also said it will redeem all of its 2020 notes that remain outstanding on April 12. The notes will be redeemed at a price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to, but not including, the redemption date.