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Recovery Report: Rite Aid Corp.'s Recovery Rating Profile Feb 13 Product Image

Recovery Report: Rite Aid Corp.'s Recovery Rating Profile Feb 13

  • Published: February 2013
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has updated its recovery analysis on Camp Hill, Pa.-based pharmacy operator Rite Aid Corp. following the company's partial refinancing of its capital structure. The recovery and issue-level ratings remain unchanged. Our recovery analysis simulates a default occurring in 2015 because of increased competition that occurs amid a significant decline in the economy. Rite Aid Corp.'s capital structure comprises secured debt (first-lien and second-lien), unsecured debt with subsidiary guarantees, and unsecured debt without subsidiary guarantees. Rite Aid's secured debt consists of a $1.75 billion revolving credit facility maturing in 2018, a $333 million tranche 5 term loan maturing in 2018, and a $900 million tranche 6 term loan maturing in 2020. The company is also the...

Companies mentioned in this report are:
- Rite Aid Corp.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify READ MORE >

- Rite Aid Corp.

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