As the June 18 deadline for bidding on the remaining assets of Rite Aid nears, the potential buyers who are looking them over reportedly include pharmacy chain Walgreens, reality star turned entrepreneur Kourtney Kardashian, consumer-focused private equity firms, and three brand management companies: Authentic Brands Group, WHP Global and Marquee Brands.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, i ...

Core Insights - Rite Aid is undergoing bankruptcy proceedings, with various companies, including Walgreens and brand management firms, evaluating its remaining assets [1][4][9] - Kourtney Kardashian has shown interest in acquiring Rite Aid's Thrifty ice cream brand, which has a history dating back to 1940 [3][7] Group 1: Bankruptcy and Asset Evaluation - Rite Aid operates approximately 1,200 stores and serves around 8 million customers, having filed for bankruptcy for the second time in two years [4][8] - The bankruptcy judge has approved store closures and the sale of customer prescription files to 13 buyers, including CVS Health and Walgreens [4][10] - Brand management companies such as Authentic Brands Group, WHP Global, and Marquee Brands are assessing Rite Aid's intellectual property and loyalty program [1][2] Group 2: Interest in Thrifty Ice Cream Brand - Kourtney Kardashian, co-founder of Lemme and owner of Poosh, is interested in Rite Aid's Thrifty ice cream brand, which is sold at various retailers [3][5][6] - Thrifty ice cream has a notable history and has attracted interest from consumer-focused private equity firms as well [7]

Financial Commitments - The company has successfully extended approximately $1.665 billion of commitments under its First Lien Revolving Credit Facility, $2.860 billion under HVF III U.S. Vehicle Variable Funding Notes, and €1.160 billion under European ABS [1][7] - The maturity date for the revolving credit facility has been extended from June 30, 2026, to March 31, 2028, allowing access to up to $2.0 billion until June 30, 2026, and $1.665 billion thereafter [7] - The commitment termination date for HVF III U.S. Vehicle Variable Funding Notes has been extended by one year to May 7, 2027, with a maximum principal amount available of $3.640 billion until April 10, 2026, and $2.860 billion thereafter [7] - The maturity date for €1.160 billion of Class A notes under the European ABS has been extended to April 30, 2027, with remaining commitments of €1.289 billion until March 31, 2026 [7] Strategic Positioning - The extensions of financial commitments are aimed at strengthening the company's financial foundation and enhancing strategic flexibility [1][2] - The company is positioned to continue executing its strategic plan focused on disciplined fleet management, revenue optimization, and rigorous cost control [1][2] - The CEO emphasized that these extensions reflect the confidence lenders have in the company's ability to transform and achieve long-term goals [2] Company Overview - Hertz Global Holdings Inc. is a leading car rental and mobility solutions provider, operating brands such as Hertz, Dollar, Thrifty, and Firefly with over 11,000 rental locations in 160 countries [4] - The company also offers used cars for sale through Hertz Car Sales and operates a car-sharing business in Europe [4]