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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 26, 2011, February 27, 2010 and February 28, 2009
(In thousands, except per share amounts)
10. Indebtedness and Credit Agreement
Following is a summary of indebtedness and lease financing obligations at February 26, 2011 and
February 27, 2010:
2011 2010
Secured Debt:
Senior secured revolving credit facility due September 2012 ................... $ — $ 80,000
Senior secured revolving credit facility due August 2015 (or April 2014, see Credit
Facility below) ................................................ 28,000 —
Senior secured credit facility term loan due June 2014 ...................... 1,074,613 1,085,663
Senior secured credit facility term loan due June 2014 ($342,125 and $345,625 face
value less unamortized discount of $19,718 and $25,634) ................... 322,407 319,991
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 $5,635 and $6,692) ............................ 404,365 403,308
8.00% senior secured notes (first lien) due August 2020 ..................... 650,000 —
10.375% senior secured notes (second lien) due July 2016 ($470,000 face value less
unamortized discount of $29,952 and $35,481) .......................... 440,048 434,519
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 $1,774 and $1,978) ............................ 268,226 268,022
Other secured .................................................. 5,408 2,316
3,693,067 3,728,783
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 $3,345 and $4,049) ..................................... 406,655 405,951
9.5% senior notes due June 2017 ($810,000 face value less unamortized discount of
$8,130 and $9,431) ............................................. 801,870 800,569
1,708,525 1,706,520
Unsecured Unguaranteed Debt:
8.125% notes due May 2010 ........................................ — 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 .................................. 64,188 158,000
7.7% notes due February 2027 ...................................... 295,000 295,000
6.875% fixed-rate senior notes due December 2028 ........................ 128,000 128,000
677,976 782,905
Lease financing obligations .......................................... 140,297 152,691
Total debt ...................................................... 6,219,865 6,370,899
Current maturities of long-term debt and lease financing obligations .............. (63,045) (51,502)
Long-term debt and lease financing obligations, less current maturities ............. $6,156,820 $6,319,397
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