This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Rite Aid Hires Liquidators Amid Buyout Talks
January 30, 2024
Rite Aid has hired two liquidators, Hilco Merchant Resources and SB360 Capital Partners to help run the going-out-of-business sales for any stores to be closed. According to sources, the liquidators were hired primarily to satisfy the lenders who are financing Rite Aid’s bankruptcy case, while the company continues negotiations with two potential buyers for its profitable stores. According to the court documents, if Rite Aid fails to find a buyer, then the senior lenders may take over the company and in case the company is not able to reach a deal with senior lenders too, then it could be forced to liquidate. During the previous hearing in November, Rite Aid was given a deadline of 1 March by the court to reorganize its business.
Rite Aid’s 8% 2026s traded stable at 76.25 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.