Rite Aid ($RAD) said it transferred 625 stores to Walgreens $WBA for cash proceeds of $1,309.8M. $RAD will repay all of its $970 million in its outstanding secured loans.With the debt reduction, risks are lower in holding RAD stock.PT $2.50. $RAD, Rite Aid Corporation / H1 Agree or disagree? Login now to vote. Join the group of Value Stocks. With 800 members strong. Comment below.