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Rite Aid Completes Restructuring Process And Emerges From Chapter 11, Marking A New Beginning As A Stronger Company With A Rightsized Store Footprint, More Efficient Operating Model, Significantly Less Debt And Additional Financial Resources

Benzinga·09/03/2024 16:04:24
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Moving Forward as a Stronger Company with Focused Portfolio and Enhanced Financial Position

Rite Aid Corporation ("Rite Aid" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11, marking a new beginning as a stronger company with a rightsized store footprint, more efficient operating model, significantly less debt and additional financial resources.