Lazard Group launches senior notes offering and tender offer for $300M 3.625% notes due 2027

Lazard, Inc.

Lazard Group offers new senior notes (fully guaranteed by Lazard, Inc.) and tenders for all $300M of its 3.625% Notes due March 1, 2027.
Tender offer expires 5:00 p.m. NY time on August 1, 2025; consideration fixed spread +30 bps over UST 1.25% due Nov 30, 2026.
Closing condition: Lazard Group must receive sufficient net proceeds from the new notes offering to fund purchase and fees.
If all 2027 notes are repurchased, estimated gain on debt extinguishment of approximately $1.2 million.
Citigroup and Lazard Frères act as joint book-running managers and dealer managers.

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