SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) June 12, 2001
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RITE AID CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-5742 23-1614034
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
30 Hunter Lane, Camp Hill, Pennsylvania 17011
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (717) 761-2633
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None
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On June 12, 2001, Rite Aid Corporation ("Rite Aid") issued a press
release announcing that it had entered into agreements providing for the
private placement of 40.3 million shares of its common stock to select
institutional investors for total gross proceeds of $302.4 million (or
$7.50 per share) and that it has received commitments for private exchanges
of $67.5 million of its 10.5% Senior Secured Notes due 2002 and bank debt
for shares of its common stock. The closing of the private placement of the
common stock is conditioned on the completion of the refinancing. The press
release is attached as Exhibit 99.1 hereto and is incorporated herein by
reference.
On June 19, 2001, Rite Aid issued a press release announcing that
institutional investors who previously agreed to invest $302.4 million in
shares of Rite Aid common stock have increased their commitments to $402.4
million, which will result in a total private placement of 53.6 million
shares (at $7.50 per share) of common stock when the transactions are
completed. The closing of the private placement of the common stock is
conditioned on the completion of the refinancing. The press release is
attached as Exhibit 99.2 hereto and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
99.1 Press Release, dated June 12, 2001
99.2 Press Release, dated June 19, 2001
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
RITE AID CORPORATION
Dated: June 21, 2001 By: /s/ Elliot S. Gerson
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Name: Elliot S. Gerson
Title: Senior Executive Vice President
and General Counsel
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release, dated June 12, 2001
99.2 Press Release, dated June 19, 2001