CAMP HILL, Pa. — Rite Aid has updated the debt refinancing that it announced Jan. 31, the retail pharmacy chain said.

The chain said it would refinance its $1.039 billion Tranche 2 Term Loan due 2014 and a cash tender offer for its $410 million aggregate principal amount of 9.750% Senior Secured Notes due 2016 with the proceeds of a new $1.125 billion first lien term loan, together with borrowings under the amended revolving credit facility. The company currently has received signed commitments for a $1.5 billion credit facility. If it receives additional commitments for the revolving credit facility, the proceeds will be used to prepay a portion of its $331.7 million Tranche 5 Term Loan due 2018.

Rite Aid shares were down by 1 cent in late afternoon trading Friday, trading at $1.67 per share.