Lazard Kicks Off Senior Notes Offering and Tender Offer
Deal News | Jul 28, 2025 | Lai Real Estate Investors LLC
Lazard, Inc., through its subsidiary Lazard Group LLC, has announced the commencement of an offering of senior notes as well as a concurrent cash tender offer for its outstanding 3.625% Senior Notes due March 1, 2027. The new Notes, which will be senior unsecured obligations, will be fully guaranteed by Lazard, Inc. The proceeds from the Offering are intended to be utilized for the repurchase of the 2027 Notes via the Tender Offer and for general corporate purposes. This financial strategy aims to manage existing debt while leveraging new financial instruments.
Sectors
- Financial Services
- Capital Markets
Geography
- United States – This is the country where Lazard Inc. and its subsidiary operate and file their financial activities, as indicated by the SEC registration.
Industry
- Financial Services – Lazard operates in the financial services sector, providing advisory services related to financial management.
- Capital Markets – The activities discussed involve capital raising through the issuance of senior notes and managing existing debt obligations.
Financials
- 3.625% – This is the interest rate of the outstanding Senior Notes due March 1, 2027, which Lazard Group is aiming to repurchase.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lazard, Inc. | Guarantor of the Notes | Company | Parent company providing guarantees for the senior notes being offered. |
| Lazard Group LLC | Issuer of the Notes and Initiator of the Tender Offer | Company | Subsidiary responsible for issuing the senior notes and conducting the tender offer. |
| Securities and Exchange Commission (SEC) | Regulatory Body | Government | The regulatory authority with whom the shelf registration statement for the notes offering is filed. |