Fred's amends forbearance agreement a second time

By Updated: July 12, 2019 9:42 AM CT | Published: July 08, 2019 11:56 AM CT
<strong>Fred&rsquo;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.&nbsp;</strong>(Houston Cofield/Daily Memphian file)

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)

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