Janus to offer senior notes

Janus Capital Group Inc. today said it plans to offer new senior notes with an aggregate principal amount of up to $750 million and may use proceeds toward purposes including potential acquisitions.

The offering is subject to market and other conditions, the Denver-based mutual fund company said. Janus said it may use proceeds of the proposed offering, along with other funds available to it, for one or more purposes.

Those purposes may include repaying outstanding debt; financing possible acquisitions, investments in third parties or increased investments in existing units or affiliates; buying back shares of its common stock; and other general corporate purposes.

“The proposed offering represents a great opportunity for Janus to access attractive capital markets and retain financial flexibility while remaining investment grade, a rating to which we are firmly committed,” Greg Frost, Janus’ chief financial officer, said in a statement.