CAMP HILL, Pa.--(BUSINESS WIRE)-- Rite Aid Corporation (NYSE: RAD) today announced that it has commenced a series of debt refinancing transactions that would extend the maturity of a portion of Rite Aid’s outstanding indebtedness and lower interest expense.
I have mentioned this several times within the last 2 years. The banks are not going to let Rite Aid go down. BK would not help anyone. Rite Aid has to many stores and employees, banks will be working with them now and in the future. Watch and see.