Rite Aid Corp – ‘8-K’ for 1/26/00 – EX-99

On:  Monday, 2/7/00   ·   For:  1/26/00   ·   Accession #:  950172-0-182   ·   File #:  1-05742

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2     15K 
 2: EX-4        Exhibit 4.1 - Shelf Supp. Indenture                    4±    24K 
 3: EX-4        Exhibit 4.2 - Convert Supp. Indenture                  4±    23K 
 4: EX-4        Exhibit 4.3 - Drs Supp. Indenture                      4±    23K 
 5: EX-4        Exhibit 4.4 - Misc. Supp. Indenture                    4±    23K 
 6: EX-99       Exhibit 99.1 - Press Release                           2±    12K 

EX-99   —   Exhibit 99.1 – Press Release

                                                                  EXHIBIT 99.1

                             MAILING ADDRESS
                           P.O. Box 3165
[COMPANY LOGO]                                Harrisburg, PA  17105           

                            GENERAL OFFICE
                            30 Hunter Lane
PRESS RELEASE                                 Camp Hill, PA  17011            
For Further Information Contact:                                              

INVESTORS:                                    MEDIA:                          
Doug Wilburne                                 Karen Rugen                     
(717) 975-3710                                (717) 730-7766                  

RITE AID RECEIVES CONSENT FROM PUBLIC DEBT HOLDERS  
TO DEFER FINANCIAL REPORTING THROUGH JULY 11, 2000  

       Camp Hill, PA, January 26, 2000--Rite Aid Corporation (NYSE, PSE:
RAD) today announced that it has received the required approvals from the     
holders of its public debt to implement a deferred financial reporting        
program through July 11, 2000.                                                

   The company announced earlier this month that it had received
agreements from the lenders under its credit facilities and other financing   
arrangements to implement the deferred financial reporting program.  As a     
result of obtaining approvals from both its lenders and public debt           
holders, the company has eliminated the possibility that a default could      
have arisen on account of the financial reporting covenants in any of its     
credit facilities and its public debt documents.                              

      The deferred financial reporting program gives the Company's new
management team and its new auditors, Deloitte & Touche, LLP, time to fully   
review the Company's historical financial information, conclude the           
previously announced reaudits for the Company's 1997-1999 fiscal years, and   
complete audited financial statements for the Company's 2000 fiscal year      
ending February 26, 2000.                                                     

      Bob Miller, Rite Aid chairman and chief executive officer, said,
"We appreciate the strong support we have received from both our public       
debt holders and lenders to implement this deferred financial reporting       
program.  Their support gives us adequate time to review historical           
financial matters and allows us to focus on managing our business             
successfully."                                                                

   Rite Aid is one of the nation's leading drugstore chains with
annual revenues of approximately $13 billion and approximately 3,800 stores   
in 30 states and the District of Columbia.  Rite Aid owns PCS Health          
Systems, Inc., which provides pharmacy benefit management programs and        
services that can help improve patient health and reduce health care costs.   
Rite Aid also owns approximately 22 percent of drugstore.com, a leading       
online source for health, beauty and pharmacy products.  Information about    
Rite Aid, including corporate background and press releases, can be found     
at the Company's Web site at http://www.riteaid.com.                          

      This press release may contain forward-looking statements, which
are subject to certain risks and uncertainties that could cause actual        
results to differ materially from those expressed or implied in such          
forward-looking statements. Factors that could cause actual results to        
differ materially from those expressed or implied in such                     
forward-looking statements include the preparation of restated                
historic financial statements, final audit adjustments, completion of         
the SEC's review of the Company's financial reporting and the impact          
of possible asset sales or other corporate transactions which the             
Company is currently considering but the consummation of which is not         
assured. Additional factors could include competitive pricing                 
pressures, third party prescription reimbursement levels, continued           
consolidation of the drugstore industry, consumer preferences,                
regulatory changes governing pharmacy practices, general economic             
conditions, inflation, merchandise supply constraints, interest rate          
movements, access to capital, the development of the Internet market          
for pharmaceuticals, availability of real estate, construction and            
start-up of drugstore and distribution center facilities, and the             
effects of technological difficulties. Consequently, all of the               
forward-looking statements made in this press release are qualified by        
these and other factors, risks and uncertainties. Readers are also            
directed to consider other risks and uncertainties discussed in               
documents filed by the Company with the Securities and Exchange               
Commission.                                                                   

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
		7/11/00		10-K,  10-Q,  8-K,  8-K/A
		2/26/00		10-K,  10-K/A,  ARS
Filed on:		2/7/00
For Period End:		1/26/00
				List all Filings

13 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/18/23  Rite Aid Corp.                    10-Q        9/02/23   88:12M                                    Toppan Merrill Bridge/FA
 7/11/23  Rite Aid Corp.                    10-Q        6/03/23   79:9.5M                                   Toppan Merrill Bridge/FA
 5/01/23  Rite Aid Corp.                    10-K        3/04/23  131:22M                                    Toppan Merrill Bridge/FA
 1/04/23  Rite Aid Corp.                    10-Q       11/26/22   92:13M                                    Toppan Merrill Bridge/FA
10/05/22  Rite Aid Corp.                    10-Q        8/27/22   89:12M                                    Toppan Merrill Bridge/FA
 7/06/22  Rite Aid Corp.                    10-Q        5/28/22   88:10M                                    Toppan Merrill Bridge/FA
 4/25/22  Rite Aid Corp.                    10-K        2/26/22  131:21M                                    Toppan Merrill Bridge/FA
 1/05/22  Rite Aid Corp.                    10-Q       11/27/21   95:13M                                    Toppan Merrill Bridge/FA
10/05/21  Rite Aid Corp.                    10-Q        8/28/21   97:13M                                    Toppan Merrill Bridge/FA
 7/06/21  Rite Aid Corp.                    10-Q        5/29/21   90:10M                                    Toppan Merrill Bridge/FA
 4/27/21  Rite Aid Corp.                    10-K        2/27/21  137:23M                                    Toppan Merrill Bridge/FA
 1/06/21  Rite Aid Corp.                    10-Q       11/28/20   91:13M                                    Toppan Merrill Bridge/FA
10/06/20  Rite Aid Corp.                    10-Q        8/29/20   90:12M                                    Toppan Merrill Bridge/FA