Janus says repurchase offer expires, raises cap to $444 million

Janus says tender offer expires, raises offer cap

DENVER — Janus Capital Group Inc. on Wednesday said its offer to repurchase outstanding notes has expired and it has raised the repurchase amount after a better-than-expected response from investors.

The asset manager said investors tendered $182.8 million of its 5.875 percent notes due 2011, $179.1 million of its 6.25 percent notes due 2012 and $81.4 million of its 6.7 percent notes due 2017. That brings the total amount tendered to $443.3 million.

The company originally offered to repurchase $437 million aggregate principal amount. It raised the cap Thursday to $444 million.

Shares of Janus rose 81 cents to 6 percent in morning trading.