Regions Upsizes Fred’s Facility to $225MM

Fred’s increased its credit facility from $150 million to $225 million to support its upcoming purchase of 885 Rite Aid stores from Walgreens. Regions Bank was administrative agent for the lenders.

BofA, Regions, Others Increase Fred’s ABL to Support Rite Aid Buy

To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.