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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 1, 2014, March 2, 2013 and March 3, 2012
(In thousands, except per share amounts)
11. Indebtedness and Credit Agreement
Following is a summary of indebtedness and lease financing obligations at March 1, 2014 and
March 2, 2013:
2014 2013
Secured Debt:
Senior secured revolving credit facility due February 2018 ............. $ 400,000 $ 665,000
Tranche 6 Term Loan due February 2020 ......................... 1,152,293 1,161,000
8.00% senior secured notes (senior lien) due August 2020 ............. 650,000 650,000
7.5% senior secured notes (second lien) due March 2017 .............. — 500,000
Tranche 1 Term Loan (second lien) due August 2020 ................. 470,000 470,000
Tranche 2 Term Loan (second lien) due June 2021 .................. 500,000 —
10.25% senior secured notes (second lien) due October 2019 ($270,000
face value less unamortized discount of $1,160 and $1,364) ........... 268,840 268,636
Other secured ............................................. 5,324 5,298
3,446,457 3,719,934
Guaranteed Unsecured Debt:
9.5% senior notes due June 2017 ($810,000 face value less unamortized
discount of $5,529) ........................................ — 804,471
6.75% senior notes due June 2021 .............................. 810,000 —
9.25% senior notes due March 2020 ($902,000 face value plus unamortized
premium of $4,087 and $4,759) ............................... 906,087 906,759
1,716,087 1,711,230
Unguaranteed Unsecured Debt:
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
487,188 487,188
Lease financing obligations ..................................... 107,411 115,179
Total debt ................................................. 5,757,143 6,033,531
Current maturities of long-term debt and lease financing obligations ....... (49,174) (37,311)
Long-term debt and lease financing obligations, less current maturities ..... $5,707,969 $5,996,220
Credit Facility
The Company has a senior secured credit facility that consists of a $1,795,000 revolving credit
facility and a $1,152,293 senior secured term loan (the ‘‘Tranche 7 Term Loan’’). Borrowings under the
revolving credit facility bear interest at a rate per annum between LIBOR plus 2.25% and LIBOR plus
2.75%, if the Company chooses to make LIBOR borrowings, or between Citibank’s base rate plus
1.25% and Citibank’s base rate plus 1.75% in each case based upon the amount of revolver availability
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