Lazard closes $300 million 5.625% senior notes offering due 2035
Lazard Group LLC, a subsidiary of Lazard, Inc., completed a $300 million offering of 5.625% senior notes due August 1, 2035, guaranteed by Lazard, Inc. The company said it will use the net proceeds to repurchase its 3.625% notes due 2027 through a cash tender offer, with the remainder for general corporate purposes. The filing adds $300 million of long-term debt, while the 2027 notes are being refinanced.
Key points
- $300 million aggregate principal of 5.625% senior notes due August 1, 2035, with interest payable February 1 and August 1 starting February 1, 2026
- Tender offer for 3.625% notes due March 1, 2027 set total consideration of $991.89 per $1,000 principal amount, plus accrued interest
- Tender offer expired at 5:00 p.m. New York City time on August 1, 2025; the filing does not state how much principal was tendered
- Notes are senior unsecured obligations of Lazard Group, rank equally with its other senior unsecured debt, and are guaranteed by Lazard, Inc.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.