Rite Aid Corporation (NYSE:RAD) Files An 8-K Other EventsItem 8.01 Other Events.
On May22, 2018, Rite Aid Corporation (the “Company”) announced the results of its previously announced offer to purchase (the “Asset Sale Offer”) up to $700,000,000 of certain of the Company’s outstanding indebtedness, consisting of its $806,529,000 outstanding 6.75% Senior Notes due 2021 (the “2021 Notes”) and $1,758,249,000 outstanding 6.125% Senior Notes due 2023 (the 2023 Notes and, together with the 2021 Notes, the “Notes”) for cash at a price equal to 50% of the principal amount of the Notes, equivalent to $1,000 per $1,000 principal amount of Notes, plus accrued and unpaid interest, for such Notes up to the date of purchase. The Asset Sale Offer was made to the respective indentures governing the Notes and an Offer to Purchase and related Letter of Transmittal, each dated April19, 2018. As of 5:00 P.M., Eastern Time, on May21, 2018 (the expiration date with respect to each series of Notes), $1,360,000 principal amount of the 2021 Notes, representing 0.17% of the outstanding principal amount of the 2021 Notes and $4,759,000 principal amount of the 2023 Notes, representing 0.27% of the outstanding principal amount of the 2023 Notes, had been validly tendered and accepted for purchase by the Company.
A copy of the press release announcing the results of the Asset Sale Offer is attached hereto as Exhibit99.1 and is incorporated into this Item 8.01 by reference.
This report does not constitute a notice of redemption under the optional redemption provisions of the indenture governing any series of the Notes, nor does it constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.