form_8-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): May 26, 2009 (May 26,
2009)
Rite
Aid Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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1-5742
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23-1614034
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
Number)
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30
Hunter Lane, Camp Hill, Pennsylvania 17011
(Address
of principal executive offices, including zip code)
(717)
761-2633
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item
8.01. Other Events.
Rite
Aid Corporation is seeking to enter a new $400 million term loan due 2015 under
its existing Senior Secured Credit Facility. Proceeds from the new
term loan will be used to refinance the $145 million Tranche 1 Term Loan due
2010 under Rite Aid's existing Credit Facility, repay and cancel a portion of
the commitments outstanding under Rite Aid's existing Revolving Credit Facility,
and for fees and other expenses. The new term loan is part of a
comprehensive plan to refinance Rite Aid's September 2010 debt maturities
(including its accounts receivable securitization programs) through a
combination of a new revolving credit facility, new term loans, the issuance of
high yield notes, which may be secured on a first or second priority basis or
unsecured, or the entry into a new securitization program. As part of
the entry of the new term loan, Rite Aid is seeking certain amendments to its
existing Senior Secured Credit Facility in order to be able to consummate its
refinancing plans. Once Rite Aid obtains the amendments, Rite Aid
would have the flexibility to pursue all or any part of its refinancing plans at
any time and from time to time, subject to market and other customary
conditions. There can be no assurance that Rite Aid will consummate
any or all of its refinancing plans, or the timing or terms of any such
transactions.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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RITE
AID CORPORATION
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Dated: May
26, 2009
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By:
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/s/
Marc A. Strassler
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Name:
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Marc
A. Strassler
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Title:
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Executive
Vice President,
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General
Counsel and Secretary
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