Sidley Advises on Janus Living’s US$625 Million Follow-On Offering

Sidley represented the underwriters in Janus Living, Inc.’s US$625 million follow-on offering of 25,000,000 shares of Class A-1 common stock at a price to the public of US$25.00 per share. Janus Living has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its Class A-1 common stock at the public offering price, less the underwriting discount.

The offering closed on June 4, 2026. BofA Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities acted as lead book-running managers.

The Sidley team was led by Jerry Cummins (Investment Funds/REITs), Adam M. Gross (Capital Markets/REITs), and Edward F. Petrosky (Capital Markets/REITs); and included Jennifer R. Lin and Angela Chow (Capital Markets); Christian Brause, Dustin R. Anderson, and Patrick M. Gray (Tax); and Benjamin L. Nager (Securities Enforcement and Regulatory).