Janus Capital tenders for up to $400 million of three series of notes

By Susanna Moon

Chicago, July 14 - Janus Capital Group Inc. said it plans to purchase for cash up to $400 million principal amount of three series of notes.

Covered by the offer are the company's $275 million of 5 7/8% senior notes due 2011, $300 million of 6¼% senior notes due 2012 and $450 million of 6.7% senior notes due 2017. The notes are listed in order of acceptance priority. The 6.7% notes are subject to a maximum repurchase amount of $75 million.

For each $1,000 principal amount, the company will pay par for the 5 7/8% notes and $980 for the remaining series of notes. The total payment includes $40.00 for notes tendered by 5 p.m. ET on July 27, the early tender date.

The tender offer will expire at midnight ET on Aug. 11.

J.P. Morgan Securities Inc. (866 834-4666 or collect 212 834-3424) and Goldman, Sachs & Co. (800 828-3182 or 212 357-4692) are the dealer managers. Global Bondholder Services Corp. (866 470-3900 or collect 212 430-3774) is the depositary and information agent.

The issuer is a Denver-based funds manager.

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