XML 64 R54.htm IDEA: XBRL DOCUMENT v3.24.2
Indebtedness and Credit Agreement - Credit Facility (Details) - USD ($)
$ in Thousands
6 Months Ended
Dec. 01, 2022
Aug. 20, 2021
Sep. 02, 2023
Dec. 20, 2018
Rite Aid Lease Management Company        
Credit facility        
Ownership interest (as a percent)     100.00%  
Senior secured revolving credit facility due December 2023        
Credit facility        
Maximum borrowing capacity       $ 2,700,000
FILO term loan due December 2023        
Credit facility        
Maximum borrowing capacity       450,000
FILO term loan due August 2026        
Credit facility        
Maximum borrowing capacity $ 400,000 $ 350,000    
FILO term loan due August 2026 | Maximum        
Credit facility        
Threshold availability on the third consecutive business day     $ 257,500  
FILO term loan due August 2026 | LIBOR        
Credit facility        
Percentage points added to the reference rate   2.75%    
FILO term loan due August 2026 | Citibank's base rate        
Credit facility        
Percentage points added to the reference rate 2.00% 1.75%    
FILO term loan due August 2026 | SOFR        
Credit facility        
Percentage points added to the reference rate 3.00%      
Senior secured revolving credit facility due August 2026        
Credit facility        
Maximum borrowing capacity $ 2,850,000 $ 2,800,000    
Period triggering springing maturity 91 days      
Outstanding borrowings     2,437,000  
Letters of credit outstanding     210,198  
Additional borrowing capacity     602,802  
Maximum amount of accumulated cash on hand     200,000  
Amount of debt allowed to be outstanding     1,500,000  
Cash sweep, 3-day minimum threshold     283,250  
Cash sweep, 1-day minimum threshold     206,000  
Threshold amount of debt     $ 750,000  
Number of days relating to debt threshold     90 days  
Minimum principal balance for which non-payment causes default     $ 50,000  
Senior secured revolving credit facility due August 2026 | Minimum        
Credit facility        
Credit facility commitment fee (as a percent) 0.25%      
Additional borrowing capacity     $ 375,950  
Fixed charge coverage ratio     1.00  
Threshold availability on thirtieth consecutive day     $ 257,500  
Senior secured revolving credit facility due August 2026 | Maximum        
Credit facility        
Credit facility commitment fee (as a percent) 0.375%      
Threshold availability on revolving credit facility to trigger fixed charge coverage requirements     $ 206,000  
Senior secured revolving credit facility due August 2026 | LIBOR | Minimum        
Credit facility        
Percentage points added to the reference rate   1.25%    
Senior secured revolving credit facility due August 2026 | LIBOR | Maximum        
Credit facility        
Percentage points added to the reference rate   1.75%    
Senior secured revolving credit facility due August 2026 | Citibank's base rate | Minimum        
Credit facility        
Percentage points added to the reference rate   0.25%    
Senior secured revolving credit facility due August 2026 | Citibank's base rate | Maximum        
Credit facility        
Percentage points added to the reference rate   0.75%    
Senior secured revolving credit facility due January 2020        
Credit facility        
Maximum borrowing capacity       $ 2,700,000