Pryor Cashman was recently retained to represent the Indenture Trustee of $377.0 million in Third Lien Notes in the Chapter 11 bankruptcy cases of New Rite Aid, LLC (“Rite Aid”) and its affiliated debtors.

Rite Aid, a leading full-service pharmacy and drugstore chain, along with certain subsidiaries, filed for bankruptcy on May 5, 2025, in the United States Bankruptcy Court for the District of New Jersey.

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Representing the Indenture Trustee is Partner Seth Lieberman, Chair of the Bankruptcy, Reorganization, and Creditors’ Rights Group and Co-Chair of the Corporate Trust Practice; Partner Patrick Sibley, Co-Chair of the Corporate Trust Practice; and Partner Matthew Silverman and Associate Jake Starr, both of whom are members of the firm’s Bankruptcy, Reorganization, and Creditors' Rights Group.