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

By Hilary Russ (October 16, 2023, 5:33 AM EDT) -- 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....

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