Riskier Junk-Loan Demand Soaring Like It’s 2007

Riskier Junk-Loan Demand Soaring Like It’s 2007

David Paul Morris/Bloomberg

Pedestrians walk past a Rite Aid Corp. store in Oakland, California. Rite Aid lowered the rate on a $500 million second-lien loan it’s seeking to tender for second-lien notes, according to a person with knowledge of the transaction.