The sale of 15,625,000 shares of the KKR-controlled retailer will be in the $15-17 per share range and is expected to result in net proceeds of approximately $225 million, excluding an underwriters’ overallotment of up to 2,343,750 additional shares. The proceeds will be used for general corporate purposes, ASO said, which may include debt repayment. Its two main loans are an ABL of $1 billion that had just $19.9 million in LCs outstanding and a $1.8 billion term loan which had drawn down $1.469 billion as of Aug. 1. The amount of the offering roughly matches the $257 million ASO ... Log in to view full article.