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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 3, 2012, February 26, 2011 and February 27, 2010
(In thousands, except per share amounts)
9. Indebtedness and Credit Agreement
Following is a summary of indebtedness and lease financing obligations at March 3, 2012 and
February 26, 2011:
2012 2011
Secured Debt:
Senior secured revolving credit facility due August 2015 (or April 2014, see
Credit Facility below) ...................................... $ 136,000 $ 28,000
Tranche 2 Term Loan due June 2014 ............................ 1,044,433 1,074,613
Tranche 3 Term Loan due June 2014 ($342,125 face value less unamortized
discount of $19,718) ....................................... — 322,407
Tranche 5 Term Loan due March 2018 (or September 2015, see Credit
Facility below) ($333,367 face value less unamortized discount of $1,488) . 331,879 —
9.75% senior secured notes (senior lien) due June 2016 ($410,000 face
value less unamortized discount of $4,579 and $5,635) .............. 405,421 404,365
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 and $29,952) ............ 445,578 440,048
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 $1,569 and $1,774) ........... 268,431 268,226
Other secured ............................................. 5,342 5,408
3,787,084 3,693,067
Guaranteed Unsecured Debt:
8.625% senior notes due March 2015 (satisfied and discharged on
March 14, 2012) .......................................... 54,156 500,000
9.375% senior notes due December 2015 ($405,000 and $410,000 face value
less unamortized discount of $2,673 and $3,345) .................. 402,327 406,655
9.5% senior notes due June 2017 ($810,000 face value less unamortized
discount of $6,830 and $8,130) ............................... 803,170 801,870
9.25% senior secured notes (senior lien) due March 2020 ............. 481,000 —
1,740,653 1,708,525
Unsecured Unguaranteed Debt:
9.25% senior notes due June 2013 .............................. 6,015 6,015
6.875% senior debentures due August 2013 ........................ 180,277 184,773
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
673,480 677,976
Lease financing obligations ..................................... 126,984 140,297
Total debt ................................................. 6,328,201 6,219,865
Current maturities of long-term debt and lease financing obligations ....... (79,421) (63,045)
Long-term debt and lease financing obligations, less current maturities ..... $6,248,780 $6,156,820
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