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Sep 9, 2024 · Back in June 2023, Rite Aid had a total debt of $8.6 billion, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey, Yahoo! Finance reported.
- Heather Landi
Oct 16, 2023 · Rite Aid has $4 billion in debt, $8.6 billion in total liabilities and $7.65 billion in assets, according to court filings in the U.S. Bankruptcy Court for the District of New Jersey. It...
- Giulia Carbonaro
- 1 min
- Struggling Sales. According to a court filing with the U.S. Bankruptcy Court for the District of New Jersey, Rite Aid was facing $8.6 billion in debt as of June 3, while listing total assets for $7.65 billion.
- Opioid Lawsuits. Rite Aid is one of several pharmacy chains which have been accused of being involved in the U.S. opioid crisis, which has claimed thousands of lives in recent years.
- Rising Crime in Stores. Another factor that is likely to have played a part in Rite Aid's recent move is a rise in crime in its stores, especially in New York City.
Jun 28, 2024 · A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut its debt by $2 billion and turn over control to a group of lenders.
- Dietrich Knauth
Jun 28, 2024 · A U.S. bankruptcy judge on Friday approved Rite Aid 's restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders.
Sep 3, 2024 · Through this process, Rite Aid has eliminated approximately $2.0 billion of total debt. Additionally, the Company has received approximately $2.5 billion in exit financing to support the...
Jun 27, 2024 · Rite Aid will ask a U.S. bankruptcy court to approve its restructuring plan on Thursday, seeking to cut $2 billion in debt and turn over control of the company to a group of its lenders.
