Lazard Announces Closing of $300M Senior Notes Offering
Deal News | Aug 01, 2025 | Lazard Technology Partners LP
Lazard, Inc. has announced the successful closing of a $300 million senior notes offering through its subsidiary, Lazard Group LLC. The senior notes, which carry a fixed interest rate of 5.625% and are due in 2035, are senior unsecured obligations that are also guaranteed by Lazard, Inc. This financial maneuver is part of a strategic move by Lazard Group, who plans to utilize the proceeds for repurchasing outstanding 3.625% senior notes due in 2027, covering related fees, and furthering other corporate objectives. The tender offer for the outstanding 2027 notes is set to expire at the end of the day, bringing a conclusion to this refinancing effort unless further adjusted as detailed in their Offer to Purchase. The issuance was carried out under an effective shelf registration with the SEC, marking another step in Lazard's capital management strategy.
Sectors
- Investment Banking
- Corporate Finance
Geography
- United States – Lazard Group LLC is based in New York, and the transaction is conducted under U.S. regulatory oversight with the SEC.
Industry
- Investment Banking – Lazard, Inc. is engaged in investment banking activities, including capital raising through financial instruments like senior notes.
- Corporate Finance – Lazard Group's issuance of senior notes and the subsequent use of funds for refinancing debt falls under corporate financial management.
Financials
- 300,000,000 – Aggregate principal amount of 5.625% Senior Notes due 2035 issued by Lazard Group LLC.
- 5.625% – Fixed interest rate of the senior notes due 2035.
- 3.625% – Interest rate of the senior notes due 2027 targeted for repurchase.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lazard, Inc. | Guarantor | Company | The parent company providing an unconditional guarantee for the senior notes issued by its subsidiary. |
| Lazard Group LLC | Issuer | Company | A subsidiary of Lazard, Inc. that issued the senior notes and manages the proceeds for refinancing debt. |
| Securities and Exchange Commission | Regulatory | Government | The SEC oversees the registration and compliance of financial securities offerings in the U.S. |