Target has accepted for purchase $760.7 million worth of debt as part of a $1.1 billion debt-refinancing plan announced last month, the mass merchandiser said.

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

Rite Aid has closed an offering of new debt from which it plans to generate funding for a buyback of older debt, the retailer said Tuesday.

Rite Aid is offering $481 million in eight-year senior notes to refinance debt that is scheduled to be due in three years, the retail pharmacy chain said Tuesday.

Beauty company Physicians Formula Holdings has completed the previously announced refinancing of its subordinated debt held by Mill Road Capital, and expects interest expense to be reduced by $1.5 million for the first 12 months, following the refinancing.