Rite Aid Corporation · Bankruptcy · 2023 · 8.000% Senior Secured Notes due 2026

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?

Question 1 · Deliverability

Verified answer

Eligible

Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.

Source clauses

Indenture of 2020-07-27

cover page
preamble
Section 2.01 (Amount of Securities)
Appendix A, Section 2.1(a) (Global Securities)
Appendix A, Sections 2.2–2.3 (Authentication; Transfer and Exchange)
Appendix A, Section 2.4(c)–(d) (Definitive Securities)
Exhibit 1 to Appendix A, form of face of Note

How it was checked · 2 checks

Rule re-applied. All 7 checks, and the check that the core facts are present, re-applied to the stored facts give the same results as the Mastermind v3 run of 2026-09-25.
Quote verified. Every quoted clause (6 facts) appears verbatim in its cited section.

About this question

The instrument is a Deliverable Obligation when every check passes. Each check has its own question on this case; the source clauses behind them are marked in the documents below.

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

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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?

Source documents

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