Lazard Group LLC launches senior notes offering and tender for $400M 3.75% notes due 2025

Lazard, Inc.

Concurrent cash tender offer for all $400M outstanding 3.750% Senior Notes due Feb 2025.
Tender expires March 12, 2024; fixed spread 0 bps over 2% UST due Feb 2025.
Estimated gain on debt extinguishment of ~$4.3M if all notes repurchased.
Proceeds from senior notes offering to fund repurchase, fees, and general corporate purposes.
Citigroup Global Markets and Lazard Frères act as lead managers for both transactions.

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