Rite Aid Corporation · Bankruptcy · 2023 · 8.000% Senior Secured Notes due 2026
Is the issuer of the instrument the Reference Entity?
Verified answer
Basis. Issuer "Rite Aid Corporation" matches the Reference Entity.
Source clauses
Indenture of 2020-07-27
How it was checked · 2 checks
- Rule re-applied. The Issuer matches Reference Entity rule (v1.0), re-applied to the stored facts, gives the same result as the Mastermind v3 run of 2026-09-25.
- Quote verified. The clause quoted for the issuer appears verbatim in the cited section.
Issuer matches Reference Entity
The obligation must be an obligation of the Reference Entity: issued by it (alone, or as a co-issuer jointly and severally liable for the whole amount), or guaranteed by it under a Qualifying Guarantee. When the Reference Entity guarantees another issuer's obligation, this test is assisted review: CDSBench reports the guarantee findings (see Qualifying Guarantee) and leaves the decision to the reviewer. A successor needs separate analysis.
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 8.000% Senior Secured Notes due 2026
Source documents
The case record. Sections behind the verified answer are marked.
- DOC-1 Rite Aid 8-K/A (Amendment No. 1), Item 1.03 Bankruptcy, Chapter 11 petition 2023-10-15excerpts
- DOC-2 Rite Aid original 8-K filed 2023-10-16 (Items 1.03 and 2.04)excerpts
- DOC-3 Indenture dated July 27, 2020, 8.000% Senior Secured Notes due 2026 (EX-4.1)excerpts
Related questions and cases
Same case
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer characteristic?Yes
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?Yes
- #7 Does the instrument meet the Transferable characteristic?Yes
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Same credit event (bankruptcy); Same entity type (corporate); Has a verified entity_match outcome; Similar documentation language
Same credit event (bankruptcy); Same entity type (corporate); Has a verified entity_match outcome; Similar documentation language
Same credit event (bankruptcy); Same entity type (corporate); Has a verified entity_match outcome; Similar documentation language
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