UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 13, 2010
Janus Capital Group Inc.
(Exact name of registrant as specified in its charter)
DELAWARE |
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001-15253 |
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43-1804048 |
(State or other jurisdiction |
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(Commission file |
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(IRS Employer |
of incorporation) |
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number) |
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Identification Number) |
151 DETROIT STREET
DENVER, COLORADO 80206
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code
(303) 691-3905
Not Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On December 13, 2010, Janus Capital Group Inc. issued the required notice under the governing indenture to redeem all remaining $120,898,000 of its outstanding Senior Notes due June 15, 2012 (the Notes). The Notes will be redeemed on January 14, 2011 (the Redemption Date). The redemption price for the Notes will be the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable treasury rate plus 20 basis points, in addition to accrued interest thereon to the Redemption Date. As a result of this announcement, Janus expects to take a non-operating charge in the first quarter 2011 of approximately $11 million for the early retirement of debt.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Janus Capital Group Inc. | |
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Date: December 13, 2010 |
By: |
/s/ Gregory A. Frost |
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Executive Vice President and |