Lazard Group enters $200M credit facility; CFO Betsch adds principal accounting officer role

Lazard, Inc.

Lazard Group entered a $200M senior revolving credit facility, replacing existing facility, maturing in five years.
Interest at base rate or SOFR plus spread based on debt rating; customary covenants and events of default.
Mary Ann Betsch, CFO, assumed principal accounting officer role effective May 31, 2023, replacing Dominick Ragone.
Betsch became CFO in Oct 2022; previously at Citadel and PwC.

item 1.01 item 1.02 item 2.03 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Dominick Ragone

Chief Accounting Officer

LAZ · Lazard, Inc.

Effective: 2023-05-31
Successor: Mary Ann Betsch
Filed: June 6, 2023, 7:59 PM ET

Ms. Betsch replaces Dominick Ragone, who ceased to be Ltd’s and Lazard Group’s Chief Accounting Officer on May 31, 2023.

Role change

Mary Ann Betsch

principal accounting officer

LAZ · Lazard, Inc.

Effective: 2023-05-31
Filed: June 6, 2023, 7:59 PM ET

On May 31, 2023, Mary Ann Betsch, the Chief Financial Officer of Lazard Ltd (“Ltd”) and Lazard Group, assumed the responsibilities of principal accounting officer of Ltd and Lazard Group.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dominick Ragone departed as Chief Accounting Officer at Lazard, Inc..

Action: ceased
Role: Chief Accounting Officer

Exact text from the filing

Ms. Betsch replaces Dominick Ragone, who ceased to be Ltd’s and Lazard Group’s Chief Accounting Officer on May 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mary Ann Betsch changed role as principal accounting officer at Lazard, Inc..

Action: assumed
Role: principal accounting officer

Exact text from the filing

On May 31, 2023, Mary Ann Betsch, the Chief Financial Officer of Lazard Ltd (“Ltd”) and Lazard Group, assumed the responsibilities of principal accounting officer of Ltd and Lazard Group.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

Lazard, Inc. terminated Existing Credit Agreement with lenders party thereto and Citibank, N.A. (effective 2023-06-06).

Action: termination
Agreement: credit facility
Counterparty: lenders party thereto and Citibank, N.A.
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.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

Lazard, Inc. entered into Second Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent and the lenders valued at $200 million senior revolving credit facility (effective 2023-06-06).

Action: entry
Agreement: credit facility
Counterparty: Citibank, N.A. as administrative agent and the lenders
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

38 material agreements filed in the last 30 days. Browse all material agreements →

Lazard, Inc. filing history →

Source: SEC EDGAR

accession 0000950157-23-000614

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