-
Fred’s receives funding to purchase additional Rite Aid stores
MEMPHIS, Tenn. — Fred’s Pharmacy received a $75 million increase in its revolving loan commitment from $150 million to $225 million. As part of Fred’s revolving loan credit agreement with Regions Bank and Bank of America, up to $15 million of borrowings under the revolving loan facility may be used to purchase up to 10 Rite Aid divested stores should the Walgreens Boots Alliance acquisition of Rite Aid be approved.