SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) June 27, 2001
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RITE AID CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-5742 23-1614034
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
30 Hunter Lane, Camp Hill, Pennsylvania 17011
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (717) 761-2633
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None
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On June 28, 2001, Rite Aid Corporation ("Rite Aid") issued a press
release announcing that it had completed its previously announced $3.0
billion refinancing. The refinancing consists of a $1.9 billion senior
secured credit facility, which matures in March 2005, the sale of 80.1
million shares of Rite Aid common stock for $551.3 million, the issuance of
44.3 million shares of Rite Aid common stock for $303.5 million of
previously outstanding debt, the exchange of $152 million of debt due in
2002 for debt due in 2006, the sale of $150 million of new notes due 2008,
and $107 million raised in leasing financing. The press release is attached
as Exhbit 99.1 hereto and is incorporated herein by reference.
On June 27, 2001, Rite Aid issued a press release announcing that
it has accepted for purchase and payment, pursuant to its previously
announced tender offer, $174.5 million of its 10.5% Senior Secured Notes due
2002. The press release is attached as Exhibit 99.2 hereto and is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
99.1 Press Release, dated June 28, 2001
99.2 Press Release, dated June 27, 2001
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
RITE AID CORPORATION
Dated: June 28, 2001 By: /s/ Elliot S. Gerson
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Name: Elliot S. Gerson
Title: Senior Executive Vice President
and General Counsel
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release, dated June 28, 2001
99.2 Press Release, dated June 27, 2001