Rite Aid amending some financing terms
CAMP HILL, Pa. Rite Aid on Friday reported that it is in the process of amending its Receivables Financing Agreement, an agreement originally entered into Sept. 21, 2004, through which Rite Aid sells substantially all of its eligible third-party pharmaceutical receivables to another entity, which then transfers those interests to various commercial paper vehicles.
The amendment extends a commitment that was set to expire Jan. 15 until Jan. 22, Rite Aid said in a filing with the U.S. Securities and Exchange Commission.