Bankrupt drug store chain Rite Aid (OTC:RADCQ) has reached preliminary agreements with its senior bondholders to move ownership to them. The Wall Street Journal also reported that Rite Aid will settle several outstanding lawsuits related to its alleged role in the prescription opioid epidemic. Under the deal, bondholders would exchange their claims for 90% of the stock in a reorganized company, according to the newspaper. Also, senior lenders would be paid in full in either cash or new loans. If granted the green light by a bankruptcy court, the arrangements would shave more than $2B in debt.