MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 27, 2013 McPeek Tweaks Janus' Access to Cash Janus [profile] just exchanged one credit line for another with a slightly different size and duration. On Monday, the Denver-based mutual fund swapped out its old three-year, $250-million revolving credit facility for a new, smaller, longer duration one: a five-year, $200-million credit facility, backed by J.P. Morgan as administrative agent and Wells Fargo as syndication agent [see the SEC filing]. Though the new credit line is a little smaller than the old, Janus has the option to amp it up even further, to $300 million, if need be and the lenders agree. Janus revealed that it never actually tapped the old credit line and that it hasn't yet tapped the new one. Printed from: MFWire.com/story.asp?s=46880 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |