Rite Aid bankruptcy plan approved, cutting $2 bln in debt-February 2024-www.financetom.com

Rite Aid bankruptcy plan approved, cutting $2 bln in debt

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Rite Aid bankruptcy plan approved, cutting $2 bln in debt

Jun 28, 2024 11:20 AM

NEW YORK, June 28 (Reuters) - A U.S. bankruptcy judge on

Friday approved Rite Aid's ( RADCQ ) restructuring plan, allowing the

pharmacy chain to cut $2 billion in debt and turn over control

of the company to a group of its lenders.

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