Lazard Group plans senior notes offering and tender offer

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Lazard Group plans senior notes offering and tender offer

NEW YORK - Financial advisory and asset management firm Lazard (NYSE: LAZ ) Group LLC, a subsidiary of Lazard, Inc. (NYSE: LAZ), has initiated an offering of senior notes and a concurrent cash tender offer for its existing notes. The company intends to use proceeds from the new offering to repurchase its outstanding 3.750% Senior Notes due on February 13, 2025, and cover related fees and expenses.

The offering of the senior notes is being made through a prospectus supplement and an effective shelf registration statement previously filed with the Securities and Exchange Commission. Citigroup Global Markets Inc. and Lazard Frères & Co. LLC are serving as joint lead book-running managers for the offering.

In tandem with the note offering, Lazard Group has launched a tender offer for any and all of its 2025 Notes. The tender offer is subject to terms and conditions set out in the Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery, dated today.

The remaining net proceeds from the offering will be allocated for general corporate purposes. The offering and tender offer are being made only by means of the relevant prospectus supplement and accompanying prospectus, with copies available as outlined in the press release.

This announcement is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy the notes. The sale of the notes will not be lawful in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Lazard, founded in 1848, is recognized for its expertise in financial advisory and asset management services, operating globally across the Americas, Europe, the Middle East, Asia, and Australia. The firm advises on a variety of strategic matters and offers investment solutions to a diverse client base.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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