Rite-Aid Issues $500M Loan, Narrows EPS Range
Fox Business News reported that Rite-Aid has announced plans to issue a new $500 million second-lien term loan in an effort to lower its interest expense.
The report said that Rite-Aid now anticipates EPS in the range of four to 19 cents a share, topping the Street’s view of 14 cents. It backed its earlier sales forecast.
To read the full Fox Business News report click here.