---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-23-000614"
form_type: "8-K"
ticker: "LAZ"
cik: "0001311370"
company_name: "Lazard, Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:21:38.317871+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950157-23-000614
- form_type: 8-K
- ticker: LAZ
- cik: 0001311370
- company_name: Lazard, Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1311370/000095015723000614/0000950157-23-000614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1311370/000095015723000614/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-23-000614
- JSON: https://secwatch.observer/filing/0000950157-23-000614.json
- Plain text: https://secwatch.observer/filing/0000950157-23-000614.txt

## Key facts
- Executive change
  Dominick Ragone departed as Chief Accounting Officer at Lazard, Inc..
  - Action: ceased
  - Role: Chief Accounting Officer
  source text: Ms. Betsch replaces Dominick Ragone, who ceased to be Ltd’s and Lazard Group’s Chief Accounting Officer on May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000095015723000614/0000950157-23-000614-index.htm
- Executive change
  Mary Ann Betsch changed role as principal accounting officer at Lazard, Inc..
  - Action: assumed
  - Role: principal accounting officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000095015723000614/0000950157-23-000614-index.htm
- Material Agreements
  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
  source text: Concurrently with the effectiveness of the Second Amended and Restated Credit Agreement, the commitments under the Existing Credit Agreement were terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000095015723000614/0000950157-23-000614-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1311370/000095015723000614/0000950157-23-000614-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.