Walgreens-Rite Aid merger

Fred’s readies funding for more Rite Aid stores

Fred’s readies funding for more Rite Aid stores

MEMPHIS, Tenn. — Fred’s Inc. has amended a revolving credit facility to provide funding in the event that it must acquire additional Rite Aid stores in connection with the pending Walgreens-Rite Aid merger. According to a filing with the Securities and Exchange Commission, Fred’s is increasing its revolving loan commitment to $225 million from $150