Fred’s amends forbearance agreement a second time
Fred’s Inc. has amended a forbearance agreement once again with its lenders, providing additional collateral to satisfy elements of the agreement while obtaining a revolving loan of $10,290,411 made on July 1. It is the second amendment to the forbearance agreement originally entered into on May 15 that relates to credit agreements for loans dating back to 2015. (Houston Cofield/Daily Memphian file)
Memphis-based discount retailer Fred’s Inc. has amended a forbearance agreement with its lenders again.
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