Cumulatively, the modifications are expected to result in a recorded loss of $117 million, the company said in a news release.

But Rite Aid anticipates it will produce annual cash interest savings of about $45 million, the release stated.

Rite Aid has 4,626 stores in 31 states and Washington, D.C.

Shares of the East Pennsboro Township-based company are traded on the New York Stock Exchange under the ticker symbol RAD.