Rite Aid’s restructuring plan has been approved, according to multiple reports. U.S. Bankruptcy Judge Michael Kaplan approved ...
The restructuring plan is aimed at preventing Rite Aid from liquidation by handing control of the business to key creditors.
Judge Michael Kaplan approved Rite Aid's restructuring plan on June 28, which involves reducing approximately $2 billion in debt and securing access to about $2.5 billion in exit financing. This ...
Rite Aid's restructuring plan, approved by a U.S. bankruptcy judge, reduces $2 billion in debt and shifts control to lenders.
A bankruptcy court in the U.S. has cleared a restructuring plan forwarded by Rite Aid (OTC:RADCQ) to avoid liquidation and ...
New York: A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut its debt by $2 billion and turn over control to a group of lenders.
More Rite Aid Ohio locations have been added to the running list of closures after the chain filed for Chapter 11 bankruptcy ...
The latest list of Rite Aid stores closing includes locations in Westlake, Shaker Heights, Painesville, Tallmadge, and Canton ...
Plain Township will lose its third Rite Aid and Stark County will lose its 11th with the company's latest round of store closings.
Rite Aid filed for Chapter 11 bankruptcy in October 2023, following a fiscal year with $750 million in losses and $24 billion in sales. The restructuring plan also allocates $47.5 million to ...