SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) May 13, 2003 (May 13, 2003)
RITE AID CORPORATION
------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-5742 23-1614034
------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
30 Hunter Lane, Camp Hill, Pennsylvania 17011
------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (717) 761-2633
-----------------------
None
----------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On May 13, 2003, Rite Aid Corporation issued a press release announcing that it
is planning to offer $150 million of ten-year senior notes due 2013. Rite Aid
intends to use the net proceeds from the offering to repay a portion of the
term loan under its senior credit facility and for working capital and general
corporate purposes, which may include capital expenditures and repayments or
repurchases of its outstanding indebtedness. The offering is subject to market
and other customary conditions.
The notes due 2013 will be offered in the United States to qualified
institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended, and outside the United States pursuant to Regulation S under the
Securities Act. The notes have not been registered under the Securities Act and
may not be offered or sold in the United States without registration or an
applicable exemption from the registration requirements.
On May 13, 2003, Rite Aid Corporation issued a press release announcing the
terms of the previously announced offering. The offering will consist of $150
million of Rite Aid's 9.25% senior notes due 2013. The notes are priced at
98.339% of the principal amount to achieve a yield to maturity of 9.5%. The
transaction is expected to close on May 20, 2003. The release reiterated the
previously announced intended use of proceeds from the offering and reiterated
that the notes due 2013 have not been registered under the Securities Act and
may not be sold or offered in the United States without registration or an
applicable exemption from the registration requirements.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1 Registrant's Press Release, dated May 13, 2003.
99.2 Registrant's Press Release, dated May 13, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RITE AID CORPORATION
Dated: May 13, 2003 By: /s/ Robert B. Sari
-------------------------------
Name: Robert B. Sari
Title: Senior Vice President,
General Counsel and Secretary
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Registrant's Press Release dated May 13, 2003
99.2 Registrant's Press Release dated May 13, 2003