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Rite Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring, Receives Commitment for $3.45B in New Financing, Taps Jeffrey S. Stein as CEO and Director Succeeding Interim CEO Elizabeth (“Busy”) Burr

Rite Aid Corporation (NYSE:RAD) ("Rite Aid" or the "Company") today announced it has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial

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