CAMP HILL, Pa.— Rite Aid Corp. has entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million “first-in, last out” senior secured term loan facility, the company said Monday.

The new facilities extend the company’s debt maturity profile and provides improved pricing on the “first-in, last out” senior secured term loan. The new senior secured credit facilities have a scheduled maturity date in August 2026, subject to an earlier maturity if Rite Aid has not repaid or refinanced its existing secured notes prior to such date.

The company’s amended revolving credit facility will bear interest at a rate of LIBOR plus 125 to 175 basis points (or an alternate base rate plus 25 to 75 basis points), depending on availability under the revolving facility. The Company’s amended senior secured term loan facility will bear interest at a rate of LIBOR plus 275 basis points (or an alternate base rate plus 175 basis points), compared to a rate of LIBOR plus 300 basis (or an alternate base rate plus 200 basis points) points prior to the effectiveness of the amendment.

“For Rite Aid these amended credit facilities, with their extended maturity date to 2026, greater flexibility and enhanced pricing for the term loan, not only represent a significant vote of confidence from the financial community, but more importantly provide continued support for our immediate and long-term strategic objectives under our RxEvolution strategy,” said Matt Schroeder, Rite Aid’s chief financial officer.