Bonds are trading at 50 cents to 60 cents on the dollar.
Rite Aid Corp.’s stock tumbled 13% Tuesday to a record low, amid concerns prompted by a Bloomberg report last week that the company is working with banks and lawyers to reorganize its debt.
The... Rite Aid Corp.’s stock tumbled 13% Tuesday to a record low, amid concerns prompted by a Bloomberg report last week that the company is working with banks and lawyers to reorganize its debt. The stock fell about 5% on Monday, “as we find it hard to envision a scenario where the company’s debt gets reworked and equity holders emerge from the process unscathed,” they wrote in a note to clients on Tuesday.
The company’s Elixir pharmacy benefits management company, acquired in 2015 for about $2 billion, is taking longer than expected to reverse membership losses., said the note.script files could be worth $1.7 billion to $2.0 billion, with the PBM fetching perhaps $1.0 billion-$1.1 billion, versus RAD’s $2.9 billion in debt and current ~$100 million in equity value,” said the note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rock Hudson was terrified of 'Dynasty' kiss with costar Linda Evans after AIDS diagnosis: 'Nobody knew'Rock Hudson passed away in 1985 at age 59 from AIDS. The '50s idol's life is being explored in a new documentary on HBO and Max titled 'Rock Hudson: All That Heaven Allowed.'
Read more »
How ‘research impact bonds’ could transform science fundingCurrent funding models have high risks and low accountability. Public–private partnerships offer a better way, says Michael Hill, Head of Grant Management for the Swiss National Science Foundation
Read more »
Riders on AIDS/LifeCycle bond during trip from San Francisco to LAEach year, thousands of people from across the country and world come together to cycle from San Francisco to Los Angeles to raise millions for HIV and AIDS services.
Read more »
The abortion wars have engulfed George W. Bush’s AIDS-fighting programGOP lawmakers say President Joe Biden is using PEPFAR to promote abortion rights.
Read more »
Stock your car first aid kit with these essentials for summer road tripsSummer road trips are a great way to see more of the country and experience exciting adventures. As you start packing to hit the road, include a few first aid supplies to make sure an injury doesn’t derail your trip.…
Read more »
Stock your car first aid kit with these essentials for summer road tripsSummer road trips are a great way to see more of the country and experience exciting adventures. As you start packing to hit the road, include a few first aid
Read more »