Rite Aid (RAD) Shares Rebound as Company Completes $1.9B Debt Refinancing
Shares of Rite Aid (NYSE: RAD) are bouncing sharply today following the completion its previously announced refinancing of the majority of its September 2010 debt maturities, including its $145 million Tranche 1 Term Loan and $1.75 billion senior secured revolving credit facility.
The stock is currently up $0.23, or about 18.5% from Friday's close. Volume in Rite Aid is already double that of its normal average daily volume around 11 million shares.
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