secwatch / observer
8-K filed March 12, 2024, 7:59 PM ET CIK 0001326141
debt confidence high sentiment neutral materiality 0.60

Lazard Group LLC: debt financing — Lazard Group issues $400M 6% senior notes due 2031, launches tender for $400M 3.75% notes due 2025

Lazard Group LLC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lazard Group LLC incurred senior notes of $400,000,000 with The Bank of New York Mellon at 6.000% per year maturing March 15, 2031.

Instrument
senior notes
Principal
$400,000,000
Counterparty
The Bank of New York Mellon
Rate
6.000% per year
Maturity
March 15, 2031
Event
incurrence
Exact text from the filing
On March 12, 2024, Lazard Group LLC (the “Company”), a subsidiary of Lazard, Inc., completed its previously announced offering of an aggregate principal amount of $400,000,000 of the Company’s 6.000% Senior Notes due 2031
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lazard Group LLC entered into Underwriting Agreement with Citigroup Global Markets Inc., as representative of the several underwriters valued at $400,000,000 (effective 2024-03-06).

Action
entry
Agreement
underwriting
Counterparty
Citigroup Global Markets Inc., as representative of the several underwriters
Value
$400,000,000
Effective
2024-03-06
Exact text from the filing
On March 6, 2024, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., as representative of the several underwriters listed on Schedule I thereto (collectively, the “Underwriters”), pursuant to which the Company agreed to sell and the Underwriters agreed to purchase, subject to and upon terms and conditions set forth therein, the Notes.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lazard Group LLC amended Tenth Supplemental Indenture with The Bank of New York Mellon valued at $400,000,000 (effective 2024-03-12).

Action
amendment
Agreement
notes offering
Counterparty
The Bank of New York Mellon
Value
$400,000,000
Effective
2024-03-12
Exact text from the filing
The Notes were issued pursuant to a tenth supplemental indenture, dated March 12, 2024, (the “Tenth Supplemental Indenture”), between the Company and The Bank of New York Mellon, as trustee, to an indenture, dated May 10, 2005 (the “Indenture”), between the Company and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee.
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Source: SEC EDGAR
accession 0001193125-24-065892
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