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1. • Rite Aid has filed a restructuring plan

     • Rite Aid has filed a restructuring plan with the U.S. Bankruptcy Court, District of New Jersey that would cut more than $2 billion in debt and keep a large portion of the retailer’s store fleet operating.
     Reference:

     UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan ...

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   Does Rite Aid have a restructuring plan?

   • Implementing the contemplated restructuring plan will significantly reduce the Company’s debt, increase our financial flexibility and enable us to execute on key initiatives. In connection with this, Rite Aid has initiated a voluntary court-supervised process under Chapter 11 of the U.S. Bankruptcy Code.

   Rite Aid Restructuring

   www.riteaidrestructuring.com/

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   Will Rite Aid go bankrupt?

   • Our Standards: The Thomson Reuters Trust Principles. Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equity to its bondholders, while still leaving open the possibility of a sale.

   Rite Aid moves ahead on restructuring as sale efforts continue

   www.reuters.com/business/healthcare-pharmaceuticals/rite-aid-moves-ahead-restructuring-sale-efforts-continue-2024-03-28/

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   How much debt has Rite Aid eliminated?

   • 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 business going forward. In connection with emergence, Rite Aid will operate as a private company.

   Rite Aid Completes Restructuring Process and Emerges from Chapter 11

   finance.yahoo.com/news/rite-aid-completes-restructuring-process-160000763.html

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   What happened to Rite Aid?

   • Ownership of the Company transitioned to certain Rite Aid creditors, and all of Rite Aid’s existing common shares were cancelled, pursuant to the Plan of Reorganization. Separately, Rite Aid today announced that Matt Schroeder, who most recently served as Chief Financial Officer, has been appointed Chief Executive Officer.

   Rite Aid Completes Restructuring Process and Emerges from Chapter 11

   finance.yahoo.com/news/rite-aid-completes-restructuring-process-160000763.html

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   Does Rite Aid reorganize under Chapter 11?

   • Rite Aid and certain of its subsidiaries, including those that comprise Elixir Solutions, have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey. Elixir Insurance is not included in the Chapter 11 process.

   Rite Aid Takes Steps to Accelerate Transformation and Position Company

   www.businesswire.com/news/home/20231015003804/en/Rite-Aid-Takes-Steps-to-Accelerate-Transformation-and-Position-Company-for-Long-Term-Success/

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   Is Rite Aid a private company?

   • In connection with emergence, Rite Aid will operate as a private company. Ownership of the Company transitioned to certain Rite Aid creditors, and all of Rite Aid’s existing common shares were cancelled, pursuant to the Plan of Reorganization.

   Rite Aid Completes Restructuring Process and Emerges from Chapter 11

   finance.yahoo.com/news/rite-aid-completes-restructuring-process-160000763.html

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3. finance.yahoo.com › news › rite-aid-completesRite Aid Completes Restructuring Process and Emerges from ...

   finance.yahoo.com › news › rite-aid-completes

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   Sep 3, 2024 · PHILADELPHIA, September 03, 2024--Rite Aid Corporation ("Rite Aid" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from...

4. www.reuters.com › business › healthcareUS pharmacy chain Rite Aid to operate as a private company as ...

   www.reuters.com › business › healthcare

   Sep 3, 2024 · Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

5. Videos

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     1:15

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     Rite Aid files for bankruptcy, announces financial restructuring plans amid opioid complaints, lawsuits

     16 Oct 2023

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     Rite Aid files for bankruptcy l GMA

     16 Oct 2023

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     goodmorningamerica.com

     Rite Aid files for bankruptcy, announces financial restructuring plans amid opioid complaints, lawsuits

     16 Oct 2023

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6. www.riteaidrestructuring.comRite Aid Restructuring

   www.riteaidrestructuring.com

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   We have reached an agreement in principle with certain of our financial stakeholders on the terms of a financial restructuring plan that will allow us to accelerate Rite Aid’s ongoing business transformation.

7. www.businesswire.com › news › homeRite Aid Completes Restructuring Process and Emerges from ...

   www.businesswire.com › news › home

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   Sep 3, 2024 · PHILADELPHIA-- (BUSINESS WIRE)--Rite Aid Corporation (“Rite Aid” or the “Company”) today announced that it has successfully completed its financial restructuring and emerged from Chapter...

8. www.reuters.com › business › healthcareRite Aid moves ahead on restructuring as sale efforts continue

   www.reuters.com › business › healthcare

   Mar 28, 2024 · Rite Aid expects to seek final court approval of its restructuring on April 22. It received bankruptcy court approval to sell its pharmacy benefit company, Elixir, in January.

   • Author: Dietrich Knauth

9. www.businesswire.com › news › homeRite Aid Takes Steps to Accelerate Transformation and ...

   www.businesswire.com › news › home

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   Oct 16, 2023 · Implementing the contemplated restructuring plan will significantly reduce the Company’s debt, increase its financial flexibility and enable it to execute on key initiatives. In connection with...

10. www.cnbc.com › 2024/06/28 › rite-aid-bankruptcy-planRite Aid bankruptcy plan approved, cutting $2 billion in debt

    www.cnbc.com › 2024/06/28 › rite-aid-bankruptcy-plan

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    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.