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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 27, 2010, February 28, 2009 and March 1, 2008
(In thousands, except per share amounts)
11. Indebtedness and Credit Agreement
Following is a summary of indebtedness and lease financing obligations at February 27, 2010 and
February 28, 2009:
2010 2009
Secured Debt:
Senior secured revolving credit facility due September 2010 ............ $ — $ 838,000
Senior secured credit facility term loan due September 2010 ........... — 145,000
Senior secured revolving credit facility due September 2012 ............ 80,000 —
Senior secured credit facility term loan due June 2014 ................ 1,085,663 1,096,713
Senior secured credit facility term loan due June 2014 ($345,625 and
$349,125 face value less unamortized discount of $25,634 and $31,549) . . 319,991 317,576
Senior secured credit facility term loan due June 2015 ($650,000 face value
less unamortized net discount of $15,036) ....................... 634,964 —
9.75% senior secured notes (first lien) due June 2016 ($410,000 face value
less unamortized discount of $6,692) ........................... 403,308 —
10.375% senior secured notes (second lien) due July 2016 ($470,000 face
value less unamortized discount of $35,481 and $41,011) ............ 434,519 428,989
7.5% senior secured notes (second lien) due March 2017 .............. 500,000 500,000
10.25% senior secured notes (second lien) due October 2019 ($270,000
face value less unamortized discount of $1,978) ................... 268,022 —
Other secured ............................................. 2,316 4,194
3,728,783 3,330,472
Guaranteed Unsecured Debt:
8.625% senior notes due March 2015 ............................ 500,000 500,000
9.375% senior notes due December 2015 ($410,000 face value less
unamortized discount of $4,049 and $4,754) ...................... 405,951 405,246
9.5% senior notes due June 2017 ($810,000 face value less unamortized
discount of $9,431 and $10,732) .............................. 800,569 799,268
1,706,520 1,704,514
Unsecured Unguaranteed Debt:
8.125% notes due May 2010 ................................... 11,117 11,117
9.25% senior notes due June 2013 .............................. 6,015 6,015
6.875% senior debentures due August 2013 ........................ 184,773 184,773
8.5% convertible notes due May 2015 ............................ 158,000 158,000
7.7% notes due February 2027 ................................. 295,000 295,000
6.875% fixed-rate senior notes due December 2028 .................. 128,000 128,000
782,905 782,905
Lease financing obligations ..................................... 152,691 193,818
Total debt ................................................. 6,370,899 6,011,709
Current maturities of long-term debt and lease financing obligations ....... (51,502) (40,683)
Long-term debt and lease financing obligations, less current maturities ..... $6,319,397 $5,971,026
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