Includes the Early Tender Premium (as defined below). Subject to the Maximum Aggregate Cap and proration if applicable, the principal amount of Notes that is purchased in each tender offer will be determined in accordance with the applicable acceptance priority level (in numerical priority order) specified in this column provided that the Company will not accept 2025 Notes in an amount that exceeds the 2025 Maximum SubCap.ĭoes not include accrued and unpaid interest on the Notes, which will also be payable as provided herein. Notwithstanding anything to the contrary contained herein, to the extent that the amount of 2025 Notes validly tendered prior to or at the Early Tender Date (as defined below) exceeds the 2025 Maximum SubCap, we may, but are not obligated, to increase the 2025 Maximum SubCap up to an additional $50,000,000 aggregate purchase price, excluding the applicable accrued interest.
The maximum subcap applicable to the 7.50% Senior Secured Notes due 2025 (the “2025 Notes”) of $100,000,000 (the “2025 Maximum SubCap”) represents the maximum aggregate purchase price payable, excluding accrued and unpaid interest on the 2025 Notes, in respect of the 2025 Notes that may be purchased in the tender offers.
#Rad stock price today series
Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) announced today the commencement of a series of tender offers to purchase for cash certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”) for an aggregate purchase price, excluding accrued and unpaid interest, of up to $150,000,000 (the “Maximum Aggregate Cap”).ĭollars per $1,000 Principal Amount of Notes (3) Tender offers will reduce outstanding debt and interest expense while maintaining strong liquidity
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