{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-109413","form_type":"8-K/A","ticker":null,"cik":"0000084129","company_name":"RITE AID CORP","filed_at":"2023-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.131744+00:00","generated_at":"2026-06-09T23:42:18.172979+00:00","sec_items":["1.01","1.03","2.04","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Rite Aid files Chapter 11 bankruptcy; secures $3.45B DIP financing; plans debt-for-equity restructuring","bullets":["Rite Aid and certain subsidiaries filed Chapter 11 on Oct 15, 2023; will continue operations as debtors-in-possession under Bankruptcy Court.","Reached restructuring agreement with senior secured noteholders: debt-for-equity swap; existing equity interests to be canceled.","Secured $3.45B DIP financing ($3.25B ABL + $200M term loan) with interest rates at SOFR+3.25% (ABL) and SOFR+7.50% (term loan); matures 12 months from closing.","Signed stalking horse APA to sell Elixir assets to MedImpact for $575M; auction process if higher bids received by Nov 16, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-109413","json":"https://secwatch.observer/filing/0001104659-23-109413.json","markdown":"https://secwatch.observer/filing/0001104659-23-109413.md","text":"https://secwatch.observer/filing/0001104659-23-109413.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/0001104659-23-109413-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/tm2328535d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:42:18.172979+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"970828ea1a0c20dd1664ae36459151d113aa0f1a","claim":"RITE AID CORP reported a default on senior notes of 6.875% Notes due 2028 with Harris Trust and Savings Bank, as trustee at 6.875% maturing 2028.","evidence_excerpt":"Indenture, dated as of December 21, 1998, between Rite Aid Corporation, as issuer, and Harris Trust and Savings Bank, as trustee, related to the Company’s 6.875% Notes due 2028;","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/0001104659-23-109413-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"6.875% Notes due 2028"},{"label":"Counterparty","value":"Harris Trust and Savings Bank, as trustee"},{"label":"Rate","value":"6.875%"},{"label":"Maturity","value":"2028"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"ae860a6ef4d25f0665ff315f4d814486998c11eb","claim":"RITE AID CORP reported a default on senior notes of 8.000% Senior Secured Notes due 2026 with The Bank of New York Mellon Trust Company, N.A. at 8.000% maturing 2026.","evidence_excerpt":"Indenture, dated as of July 27, 2020, among Rite Aid Corporation, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., related to the Company’s 8.000% Senior Secured Notes due 2026;","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/0001104659-23-109413-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"8.000% Senior Secured Notes due 2026"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Rate","value":"8.000%"},{"label":"Maturity","value":"2026"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"e66894827b9eb27bd8dfe4aa1256590e62744036","claim":"RITE AID CORP reported a default on senior notes of 7.500% Senior Secured Notes due 2025 with The Bank of New York Mellon Trust Company, N.A. at 7.500% maturing 2025.","evidence_excerpt":"Indenture, dated as of February 5, 2020, among Rite Aid Corporation, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., related to the Company’s 7.500% Senior Secured Notes due 2025;","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/0001104659-23-109413-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"7.500% Senior Secured Notes due 2025"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Rate","value":"7.500%"},{"label":"Maturity","value":"2025"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"eb286d7a54c19c35aa77811144c2d22dc5beb771","claim":"RITE AID CORP reported a default on senior notes of 7.70% Notes due 2027 with Morgan Guaranty Trust Company of New York, as trustee at 7.70% maturing 2027.","evidence_excerpt":"Indenture, dated as of August 1, 1993, between Rite Aid Corporation, as issuer, and Morgan Guaranty Trust Company of New York, as trustee, related to the Company’s 7.70% Notes due 2027;","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/0001104659-23-109413-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"7.70% Notes due 2027"},{"label":"Counterparty","value":"Morgan Guaranty Trust Company of New York, as trustee"},{"label":"Rate","value":"7.70%"},{"label":"Maturity","value":"2027"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"529764838185c54eee5f9abc404d1d6f6fbf30c5","claim":"RITE AID CORP entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2023-10-15).","evidence_excerpt":"On October 15, 2023 (the “ Petition Date ”), Rite Aid Corporation (“ Rite Aid ” or the “ Company ”) and certain of its direct and indirect subsidiaries (together with the Company, the “ Debtors ”) filed voluntary petitions to commence proceedings under chapter 11 (the “ Chapter 11 Cases ”) of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of New Jersey (the “ Bankruptcy Court ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/84129/000110465923109413/0001104659-23-109413-index.htm","confidence":0.95,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of New Jersey"},{"label":"Petition","value":"2023-10-15"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}