Janus Living Launches 25M Share Offering With 3.75M Unit Option
JAN•Janus Living has launched a public offering of 25,000,000 Class A-1 common shares with a 30-day option for underwriters to purchase an additional 3,750,000 shares. Net proceeds will fund senior housing acquisitions and general corporate purposes, led by bookrunners BofA Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo.
1. Offering Launch and Size
Janus Living has launched a registered public offering of 25,000,000 shares of its Class A-1 common stock, granting underwriters a 30-day option to purchase up to 3,750,000 additional shares. This issuance is structured under a Form S-11 registration statement filed with the SEC.
2. Use of Proceeds
The company intends to deploy net proceeds to pursue acquisitions and investments in senior housing communities that meet its investment criteria, as well as to support general corporate purposes.
3. Underwriting and Timeline
BofA Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are serving as lead book-running managers. Sales cannot occur until the SEC declares the registration statement effective under applicable securities laws.
