Rite Aid (RAD) To Offer $150M Conv Notes
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After the close, Rite Aid Corporation (NYSE: RAD) announced plans to offer $150 million aggregate principal amount of convertible notes due 2015, pursuant to an effective shelf registration statement previously filed with the SEC.
Rite Aid intends to use the net proceeds of the offering to redeem its $150 million 6.125% Senior Notes due 2008 in accordance with their terms.
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