Wickes said it sold $1.2 billion in notes.

The Santa Monica-based retail conglomerate previously had announced plans for only a $1-billion offering, but Wickes’ underwriter, Drexel Burnham Lambert, ended up buying $1.2 billion in notes. That firm also has the option to buy an additional $180 million in notes, Wickes said. As previously announced, Wickes expects to raise a further $300 million from its divestiture program. Of the total available pool, about $200 million will be used to complete acquisitions from W. R. Grace and Homecrafters Warehouse. The remainder, about $1.5 billion, will be available for future acquisitions.