Rite Aid's Bankruptcy Reorganization: Ownership Transfer and Opioid Lawsuits Settlement
Thursday, 28 March 2024, 21:49
Rite Aid's Bankruptcy Reorganization
Rite Aid is currently negotiating an ownership transfer to senior bondholders, potentially reducing its debt by over $2 billion.
Opioid Lawsuits Settlement
The deal may also address some of the opioid lawsuits, alleviating legal pressures on the company.
- Ownership Transfer: Aimed at senior bondholders for debt reduction
- Opioid Lawsuits: Partial resolution to legal liabilities
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