Lazard Announces Results of Cash Tender Offer

Deal News | Aug 04, 2025 | Lai Real Estate Investors LLC

Lazard Inc. has reported the completion of a cash tender offer through its subsidiary, Lazard Group LLC, for its outstanding 3.625% Senior Notes due March 1, 2027. The offer, which expired on August 1, 2025, resulted in the acceptance of $202,944,000 in aggregate principal amount of Notes. Participants who properly tendered their Notes or submitted a Notice of Guaranteed Delivery were eligible to receive a Total Consideration of $991.89 per $1,000 principal amount, plus accrued and unpaid interest up until the Settlement Date. Payment of the Notes will be completed by Lazard Group on August 4, 2025, with the Guaranteed Delivery Settlement Date set for August 6, 2025.

Sectors

  • Financial Services
  • Investment Banking

Geography

  • United States – The transaction and the companies involved, such as Lazard, Inc. and Lazard Group LLC, are based in the United States.

Industry

  • Financial Services – The article covers a financial transaction involving the redemption of senior notes by Lazard Group LLC, a firm in the financial services sector.
  • Investment Banking – Lazard Inc., and its subsidiary Lazard Group LLC, are involved in investment banking activities, such as managing tender offers and debt transactions.

Financials

  • $202,944,000 – The total aggregate principal amount of the Notes that were validly tendered and accepted.
  • $991.89 – Total Consideration received per $1,000 principal amount of accepted Notes.

Participants

NameRoleTypeDescription
Lazard Inc.Parent CompanyCompanyA global financial advisory and asset management firm.
Lazard Group LLCSubsidiaryCompanyA subsidiary of Lazard Inc., responsible for conducting the cash tender offer.
Global Bondholder Services CorporationTender AgentCompanyProvided services for handling the tender offer process.
Holders of 3.625% Senior NotesBondholdersPeopleEntities or individuals holding Lazard Group LLC's 3.625% Senior Notes.