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CCA Industries narrows Q4 loss
EAST RUTHERFORD, N.J. — Health and beauty aid company CCA Industries announced on Wednesday that it narrowed its fourth-quarter loss and saw a boost in revenues as it celebrated the launch during the quarter of its new Nutra Nail Gel Perfect UV Free gel nail color brand.
Revenues for the quarter ended Nov. 30 totaled $11.8 million, compared with $10.2 million in the year-ago period. Net loss during the quarter was $3,433, compared with a loss of $697,500 for the fourth quarter 2010.
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Rite Aid completes debt offering
CAMP HILL, Pa. — Rite Aid has closed a bond offering that it issued earlier this month to refinance its debt, the company said Monday.
Rite Aid said the proceeds of its offering of $481 million in 9.25% senior notes due 2020 would be used to buy back its 8.625% senior notes due 2015.
The retail pharmacy chain announced the offering on Feb. 14. The offering marked the first time that the company was able to tap the unsecured debt market in five years. Rite Aid has carried a heavy debt burden since its 2007 acquisition of the Brooks and Eckerd pharmacy chains.