Rite Aid Corporation

3:23-bk-18993

October 19, 2023
Rite Aid Cites 'Substantial Doubt' It Can Stay In Business

Pharmacy chain Rite Aid Corp. says its Chapter 11 bankruptcy filing Sunday has put at risk its ability to continue operating its business — citing in a quarterly report "substantial doubt" about whether it can "continue as a going concern."
October 18, 2023
Rite Aid Ch. 11 Shows NJ Is A Good Place To Go Bankrupt

Until recently, it would have been surprising if Rite Aid Corp. chose to file its $7.65 billion bankruptcy in New Jersey over the two other prominent courts nearby that handle most megacases. But that's exactly what the drugstore chain did on Sunday, likely lured by New Jersey's roster of experienced judges, corporate-friendly rulings and convenient location, lawyers told Law360.
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.
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.