Janus Henderson Boosts Loan, Scraps Junk Bond Tied to Buyout (1)

Banks led by JPMorgan Chase & Co. boosted a junk loan to support the purchase of Janus Henderson Group Plc by Nelson Peltz’s Trian Fund Management and General Catalyst to $2.6 billion after scrapping a planned bond sale amid volatile markets.

The loan, which priced Wednesday, was increased from $2 billion after a $600 million bond was canceled and the deadline for lenders to commit to the deal was moved up a day from Thursday, according to a person familiar with the matter.

The loan priced at 2.75 percentage points above the benchmark at a discounted price of 99.5 ...