Sprouts Farmers Market 2015 Annual Report Download - page 49

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41
We sold 20,477,215 shares of common stock, including the additional shares, and certain stockholders
sold the remaining 797,785 shares.
We received net proceeds from our IPO of approximately $344.1 million, after deducting
underwriting discounts and offering expenses. We used the net proceeds to repay $340.0 million of
outstanding indebtedness under our former term loan and for general corporate purposes. We recorded a
loss on extinguishment of debt related to the repayment.