Rite Aid Corporation

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Case overview

Case Number:

3:23-bk-18993

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. October 17, 2023

    Rite Aid Inks Ch. 11 Deal With Key Medicine Supplier

    Rite Aid Corp. struck a tentative deal on Tuesday with its key supplier, McKesson Corp., paving the way for the bankrupt drugstore chain to continue getting $9 billion of medicines annually and clearing an important early hurdle in its Chapter 11 case in New Jersey.

  2. October 16, 2023

    Rite Aid Taps Into DIP Loans, Sets Fast Ch. 11 Sale Schedule

    Bankrupt drugstore chain Rite Aid won initial approval from a New Jersey judge on Monday to tap into some of its $3.45 billion financing package while it seeks buyers for its retail and pharmacy management businesses on a quick timeline to try to avoid more layoffs.