RAD Rite Aid Corporation

Rite Aid Foundation Donates $150,000 to American Red Cross to Assist With Hurricane Maria Relief Efforts in Puerto Rico

The Rite Aid Foundation announced today a $150,000 donation to the American Red Cross to help the victims, families and communities in Puerto Rico affected by Hurricane Maria.

“Nearly two weeks after being hit directly by Hurricane Maria, a category four storm, the need in Puerto Rico remains great,” said Tracy Henderson, director of The Rite Aid Foundation and charitable giving initiatives. “The Rite Aid Foundation hopes that this donation to the American Red Cross will help the people of Puerto Rico in their time of need and let them know they are not alone as they recover and rebuild.”

“We’re deeply grateful for the generosity of The Rite Aid Foundation, whose support will help provide immediate assistance to thousands of families affected by this horrific disaster,” said Jeri Sims, CEO of the American Red Cross Central Pennsylvania Region. “There is a long, difficult road ahead for those impacted by Hurricane Maria and support from partners like The Rite Aid Foundation is critical to aid in the recovery process."

Since its inception in 2001, The Rite Aid Foundation has awarded more than $32 million to non-profit organizations. Additionally, Rite Aid, through the efforts of its customers, supplier partners and associates, has also raised more than $81 million for Children's Miracle Network Hospitals across the country since 1994.

Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with more than 4,500 stores in 31 states and the District of Columbia and fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.

EN
04/10/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Rite Aid Corporation

Rite Aid Corporation: Rite Aid's bankruptcy accentuates drugstores' ne...

Drugstore retailers face many challenges including the need for scale to cover high fixed costs, high reimbursement risk, a growing number of online pharmacies and macroeconomic uncertainty.

Moody's downgrades Rite Aid's PDR to D-PD following Chapter 11 filing

Moody's Investors Service (Moody's) downgraded Rite Aid Corporation's ("Rite Aid") probability of default rating ("PDR") to D-PD from Caa3-PD. Moody's also downgraded the company's corporate family rating ("CFR") to Caa3 from Caa2, its senior secured ABL revolving credit facility rating to Caa1 from...

Rite Aid Corporation: Update following downgrade to Caa2 CFR and Caa3-...

Our credit view of Rite Aid reflects its weak interest coverage and 2025 debt maturities as well as its adequate liquidity and positive longer term trends of the prescription drug industry.

Moody's downgrades Rite Aid's CFR to Caa2; PDR to Caa3-PD

Moody's Investors Service ("Moody's") today downgraded Rite Aid Corporation's ("Rite Aid") corporate family rating ("CFR") to Caa2 from B3 and its probability of default rating ("PDR") to Caa3-PD from B3-PD. Moody's also downgraded the rating of Rite Aid's senior secured asset based revolving credit...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch