Fred's, Inc. entered into a commitment letter with Bank of America, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Regions Business Capital, a Division of Regions Bank, providing $1.05 billion of committed financing and a commitment letter with MLPFS, TPG Specialty Lending Inc., Crystal Financial LLC, Gordon Brothers Finance Company, LLC, Pathlight Capital LLC, Tennenbaum Capital Partners, LLC, and Great American Capital Partners, LLC providing $600 million of committed financing. The ABL Commitment Letter and the Term Loan Commitment Letter reflect lenders' commitments with respect to debt financing to be utilized in connection with funding the company's proposed acquisition of 865 stores, certain intellectual property and certain other tangible assets of Rite Aid Corporation. On January 18, 2017, the company entered into an amended and restated commitment letter, which replaced and superseded the ABL Commitment Letter. The Amended and Restated ABL Commitment Letter increases the committed financing contemplated under the ABL Commitment Letter by $150 million to $1.2 billion and the company notified the lenders under the Term Loan Commitment Letter that it was decreasing the committed financing contemplated under the Term Loan Commitment Letter by $150 million to $450 million.