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StonewallPatriot

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StonewallPatriot

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Monday, 06/12/2017 3:30:02 PM

Monday, June 12, 2017 3:30:02 PM

Post# of 11276
Memphis-based Freds just-got nearly half-billion-dollar increase-for-financing for-the-deal. If the Federal Trade Commission (FTC) does not block the pending merger, Fred’s now stands to acquire up to 1,200 divested Rite Aid stores as well as intellectual property, corporate infrastructure and distribution centers. An 8-K Securities and Exchange Commission (SEC) filing from Monday, June 12, showed that Fred’s entered into a “second amended and restated commitment letter with Bank of America, N.A. Merrill Lynch, Pierce, Fenner & Smith Inc., Regions Bank, Regions Capital Markets, a Division of Regions Bank and Citizens Bank, N.A” on June 9, 2017, to increase its financing for the deal. Source:Meagan Nichols
American City Business Journals•June 12, 2017....3:00 PM
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