Lazard Announces Total Consideration for Cash Tender Offer

Deal News | Aug 01, 2025 | Lazard Technology Partners LP

Lazard, Inc., a global financial advisory and asset management firm, has announced the total consideration involved in its subsidiary, Lazard Group LLC's cash tender offer for its outstanding 3.625% Senior Notes due in 2027. The tender offer is a financial strategy executed upon the terms detailed in the Offer to Purchase dated July 28, 2025, and is set to expire on August 1, 2025, by 5:00 p.m. New York time. This move demonstrates Lazard's proactive measures in managing its debt portfolio and provides an opportunity for noteholders to review the terms and make informed decisions. As noted, holders are recommended to thoroughly read the Offer to Purchase and the Notice of Guaranteed Delivery to ensure complete understanding before making financial decisions.

Sectors

  • Financial Services
  • Debt Securities

Geography

  • United States – The article is situated in the U.S., with Lazard's headquarters located in New York City and the tender offer aligned with New York time.

Industry

  • Financial Services – The article relates to the financial services industry as it discusses a cash tender offer and the managing of senior notes by Lazard, a financial advisory firm.
  • Debt Securities – The focus on senior notes due in 2027 indicates relevance to the debt securities market, specifically regarding corporate debt management strategies.

Financials

  • 3.625% – Interest rate of the senior notes due in 2027 that are subject to the tender offer.

Participants

NameRoleTypeDescription
Lazard, Inc.Bidding CompanyCompanyA leading global financial advisory and asset management firm.
Lazard Group LLCTarget CompanyCompanyA subsidiary of Lazard, Inc., engaging in the cash tender offer for its senior notes.