Rite Aid (RAD) Shares Rebound as Company Completes $1.9B Debt Refinancing
More News related to RAD
- Rite Aid to Present at Credit Suisse Healthcare Conference November 12
- Rite Aid Reports 0.5 Percent Same Store Sales Decrease for October
- Rite Aid to Present at Imperial Capital 3rd Annual Global Opportunities Conference November 5
- Rite Aid Completes Comprehensive Plan to Refinance Accounts Receivable Securitization Facilities
- Rite Aid Promotes Dan Miller to Senior Vice President, Pharmacy Operations; Karen Staniforth to Vice President, Pharmacy Operations
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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Reason for Rite Aid Price Jump
ar.sigis@yahoo.com on Jun 29, 2009 10:52 PMTrue, refinancing is vitally important, but so is the fact that Q1-2010 produced net cash through operations of $357.6M and increased liquidity to $901.8M at the end of the quarter. Why are these facts not mentioned?