The US Bankruptcy Court gave an order to Rite Aid Corporation, to obtain DIP financing on final basis on March 1, 2024. As per the order, the debtor has been authorized to obtain a principal amount of $3.45 billion, consisting of a $2.85 billion asset-based revolving credit facility, from Bank of America N.A, Wells fargo bank national association, Capital one, national association, Bmo bank N.A, Fifth third bank, Mufg union bank N.A., PNC bank national association, Truist bank, Ing capital, LLC, Citizens bank N.A., Td bank N.A., The Huntington national bank, First-citizens bank & trust company N.A., U.S. Bank national association, UBS ag stamford branch, Keybank national association, NYCB specialty finance company LLC, Cathay bank, and apple bank, for savings, and $400 million ?first in, last out? senior secured term loan facility, and $200 million senior secured term loan facility, from Bank Of America, N.A., Capital one, national association, Wells fargo bank, national association, Bmo bank N.A, PNC bank national association, Truist bank, TD bank, N.A, First-Citizens bank & trust company, Keybank national association, Atlantic union bank, Apple bank for savings, and Bank Of America, N.A., acting as the administrative agent.

The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate i.e. 7.50% plus 1%; and The Loans comprising each Term SOFR Borrowing shall bear interest at Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate .i.e. 7.50% plus 1%. As per the terms of the DIP agreement, the revolving credit facility carries a commitment fee of 0.50% p.a. The DIP facility would mature either on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor?s collateral.