CAMP HILL, Pa. — Rite Aid Corp. has completed debt refinancing transactions extending the maturity of a portion of its outstanding indebtedness and lower interest expense.

Rite Aid Corp. has completed debt refinancing transactions extending the maturity of a portion of its outstanding indebtedness and lower interest expense.

The transactions included the amendment and restatement of the retailer’s revolving credit facility, including an increase in the commitments under the facility to $1.8 billion and an extension of the maturity to February 2018.

The chain also refinanced its $1.04 billion tranche 2 term loan due 2014 and $331.7 million tranche 5 term loan due 2018, each including accrued but unpaid interest, with the proceeds from a new $1.16 billion tranche 6 term loan due 2020 under its first lien credit facility, together with borrowings under the amended revolving credit facility.

The retailer also refinanced, via a cash tender offer, its $410 million aggregate principal amount of 9.75% senior secured notes due 2016.

Rite Aid expects to record a loss on debt modifications of $117 million related to the transactions and to have annual cash interest savings of about $45 million.