secwatch.observer — SEC 8-K summary
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Issuer:     Lazard Group LLC (—)
CIK:        0001326141
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001193125-24-065892
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Group issues $400M 6% senior notes due 2031, launches tender for $400M 3.75% notes due 2025
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- Lazard Group issued $400M of 6.000% Senior Notes due 2031; proceeds used partly to repurchase 2025 notes.
- Cash tender offer for any and all of $400M 3.75% notes due Feb 2025 expires today at 5:00 PM NY time.
- Total consideration for 2025 notes: $987.80 per $1,000 principal plus accrued interest; based on 2% UST yield 5.130% +0 bps.
- New notes are senior unsecured obligations of Lazard Group; not guaranteed by Lazard Inc. or subsidiaries.
- Interest on new notes payable March 15 and Sept 15, starting Sept 2024; maturity March 15, 2031.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326141/000119312524065892/0001193125-24-065892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326141/000119312524065892/d766844d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-065892

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