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Rite Aid Corporation Message Board

  • emt8601 emt8601 Jun 18, 2013 6:54 PM Flag

    Debt paydown in Q1FY14


    Q1 has historically been RAD's best quarter for generating operating cash flow. A while back I posted that I felt RAD would put as much new debt on the revolver that it believed could pay back near-term. At the end of FY13, the balance on the revolver was $665M and the total debt balance was $6.033B. I also predicted a while back that RAD would lower its debt balance to below $5.7B in Q1FY14. I still believe that that will happen.

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