Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Lazard Group LLC incurred revolving credit of $200 million with Citibank, N.A. at adjusted term SOFR rate, at Lazard Group’s option, plus a spread determined by L maturing five-year.
- Instrument
- revolving credit
- Principal
- $200 million
- Counterparty
- Citibank, N.A.
- Rate
- adjusted term SOFR rate, at Lazard Group’s option, plus a spread determined by L
- Maturity
- five-year
- Event
- incurrence
Exact text from the filing
On June 6, 2023, Lazard Group LLC (“Lazard Group”) entered into an Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”) among Lazard Group, the lenders party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”), to replace Lazard Group’s existing credit facility with a new five-year $200 million senior revolving credit facility.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Lazard Group LLC terminated Existing Credit Agreement with Citibank, N.A. valued at Commitments under the Existing Credit Agreement were terminated (effective 2023-06-06).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Citibank, N.A.
- Value
- Commitments under the Existing Credit Agreement were terminated
- Effective
- 2023-06-06
Exact text from the filing
Concurrently with the effectiveness of the Second Amended and Restated Credit Agreement, the commitments under the Existing Credit Agreement were terminated.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Lazard Group LLC entered into Second Amended and Restated Credit Agreement with Citibank, N.A. valued at $200 million senior revolving credit facility (effective 2023-06-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citibank, N.A.
- Value
- $200 million senior revolving credit facility
- Effective
- 2023-06-06
Exact text from the filing
On June 6, 2023, Lazard Group LLC (“Lazard Group”) entered into an Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”) among Lazard Group, the lenders party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”), to replace Lazard Group’s existing credit facility with a new five-year $200 million senior revolving credit facility.
View on SEC.gov