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Rite Aid To Sell $250M Notes To Refinance Debt

Law360, New York (October 19, 2009) -- Drugstore chain Rite Aid Corp. announced Monday an offering of $250 million in senior unsecured notes as part of a plan to refinance all its debt due to mature in 2010.

The company will also increase borrowing under an existing $525 million senior secured loan due in June 2015 by $125 million to $650 million, and amend its senior secured credit...

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