July 24, 2009 (FinancialWire) — Janus Capital Group Inc. (NYSE: JNS) has completed a public offering of 20,909,090 shares of its common stock and a public offering of $170 million of its convertible senior notes. J.P. Morgan Securities (NYSE: JPM) and Goldman, Sachs & Co. (NYSE: GS) acted as joint book-running managers of the offerings.

The totals included 2,727,271 shares and $20 million of notes sold due to the exercise of underwriters’ over-allotment options. The notes will pay interest semiannually at a rate of 3.25%.

They will be convertible into cash, shares of Janus common stock, or a combination of cash and shares of Janus common stock at an initial conversion rate of 71.3012 shares of Janus common stock per $1,000 principal amount of convertible senior notes.

Janus said the conversion rate is equivalent to an initial conversion price of around $14.03 per share of common stock, subject to adjustment in certain circumstances.

The company received net proceeds from both offerings of around $383 million. Janus plans to use the net proceeds of the offerings, together with cash on hand, to repurchase up to $400 million of its outstanding 2011, 2012 and 2017 senior notes in its previously announced tender offer and for general corporate purposes.

Denver-based Janus Capital Group is an investment firm offering strategies from three individual investment boutiques.

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