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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 28, 2015, March 1, 2014 and March 2, 2013
(In thousands, except per share amounts)
12. Accrued Salaries, Wages and Other Current Liabilities
Accrued salaries, wages and other current liabilities consisted of the following at February 28, 2015
and March 1, 2014:
2015 2014
Accrued wages, benefits and other personnel costs ....... $ 444,278 $ 449,585
Accrued interest ............................... 57,539 69,193
Accrued sales and other taxes payable ................ 137,236 133,357
Accrued store expense ........................... 244,031 238,324
Other ....................................... 310,335 275,400
$1,193,419 $1,165,859
13. Indebtedness and Credit Agreement
Following is a summary of indebtedness and lease financing obligations at February 28, 2015 and
March 1, 2014:
2015 2014
Secured Debt:
Senior secured revolving credit facility due February 2018 ............. $ — $ 400,000
Senior secured revolving credit facility due January 2020 .............. 1,725,000 —
Tranche 6 Term Loan due February 2020 ......................... — 1,152,293
8.00% senior secured notes (senior lien) due August 2020 ............. 650,000 650,000
Tranche 1 Term Loan (second lien) due August 2020 ................. 470,000 470,000
Tranche 2 Term Loan (second lien) due June 2021 .................. 500,000 500,000
10.25% senior secured notes (second lien) due October 2019 ($270,000
face value less unamortized discount of $1,160) ................... — 268,840
Other secured ............................................. 5,367 5,324
3,350,367 3,446,457
Guaranteed Unsecured Debt:
6.75% senior notes due June 2021 .............................. 810,000 810,000
9.25% senior notes due March 2020 ($902,000 face value plus unamortized
premium of $3,415 and $4,087) ............................... 905,415 906,087
1,715,415 1,716,087
Unguaranteed Unsecured Debt:
8.5% convertible notes due May 2015 ............................ 64,168 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
487,168 487,188
Lease financing obligations ..................................... 91,993 107,411
Total debt ................................................. 5,644,943 5,757,143
Current maturities of long-term debt and lease financing obligations ....... (100,376) (49,174)
Long-term debt and lease financing obligations, less current maturities ..... $5,544,567 $5,707,969
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