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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 2, 2013, March 3, 2012 and February 26, 2011
(In thousands, except per share amounts)
11. Indebtedness and Credit Agreement
Following is a summary of indebtedness and lease financing obligations at March 2, 2013 and
March 3, 2012:
2013 2012
Secured Debt:
Senior secured revolving credit facility due August 2015 ................... $ — $ 136,000
Senior secured revolving credit facility due February 2018 (or December 2016 or
March 2017, see Credit Facility below) .............................. 665,000 —
Tranche 2 Term Loan due June 2014 ................................ — 1,044,433
Tranche 5 Term Loan due March 2018 ($333,367 face value less unamortized
discount of $1,488) ........................................... — 331,879
Tranche 6 Term Loan due February 2020 ............................. 1,161,000 —
9.75% senior secured notes (senior lien) due June 2016 ($410,000 face value less
unamortized discount of $4,579) (satisfied and discharged on February 21,
2013) ..................................................... — 405,421
8.00% senior secured notes (senior lien) due August 2020 ................. 650,000 650,000
10.375% senior secured notes (second lien) due July 2016 ($470,000 face value
less unamortized discount of $24,422) (satisfied and discharged on February 21,
2013) ..................................................... — 445,578
7.5% senior secured notes (second lien) due March 2017 .................. 500,000 500,000
Tranche 1 Term Loan (second lien) due August 2020 ..................... 470,000 —
10.25% senior secured notes (second lien) due October 2019 ($270,000 face value
less unamortized discount of $1,364 and $1,569) ....................... 268,636 268,431
Other secured ................................................ 5,298 5,342
3,719,934 3,787,084
Guaranteed Unsecured Debt:
8.625% senior notes due March 2015 ................................ — 54,156
9.375% senior notes due December 2015 ($405,000 face value less unamortized
discount of $2,673) ........................................... — 402,327
9.5% senior notes due June 2017 ($810,000 face value less unamortized discount
of $5,529 and $6,830) ......................................... 804,471 803,170
9.25% senior notes due March 2020 ($902,000 face value plus unamortized
premium of $4,759) ........................................... 906,759 481,000
1,711,230 1,740,653
Unguaranteed Unsecured Debt:
9.25% senior notes due June 2013 .................................. — 6,015
6.875% senior debentures due August 2013 (satisfied and discharged on
February 21, 2013) ........................................... — 180,277
8.5% convertible notes due May 2015 ................................ 64,188 64,188
7.7% notes due February 2027 ..................................... 295,000 295,000
6.875% fixed-rate senior notes due December 2028 ...................... 128,000 128,000
487,188 673,480
Lease financing obligations ......................................... 115,179 126,984
Total debt ..................................................... 6,033,531 6,328,201
Current maturities of long-term debt and lease financing obligations ............ (37,311) (79,421)
Long-term debt and lease financing obligations, less current maturities .......... $5,996,220 $6,248,780
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