Getting your player ready...
Janus Capital Group Inc. said it priced a public offering of $200 million in common stock at $11 a share as part of its effort to pay down debt.
The size of the sale was increased from the $150 million offering announced Tuesday, the Denver-based money manager said Thursday. The company granted underwriters an option to purchase an additional 15 percent of the number of shares.
Janus plans to use the proceeds, along with $150 million in newly issued convertible senior notes and $50 million in cash, to repurchase as much as $400 million in senior notes due from 2011 to 2017.
