Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 128

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 128
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 its annual obligations. We believe that the sources of liquidity described above should be sufficient for us to fund our current obligations for the next 12 months.

See also Notes 11, 13, 14, 16, 18 and 19 of Notes to Condensed Consolidated Financial Statements regarding information in connection with commitments, incentive plans, employee benefit plans, income taxes, tax receivable agreement obligations and regulatory requirements, respectively.

66

Senior Debt

The table below sets forth our corporate indebtedness as of September 30, 2025 and December 31, 2024. The agreements with respect to this indebtedness are discussed in more detail in our condensed consolidated financial statements and related notes included elsewhere in this Form 10-Q and in our Form 10-K.

Outstanding as of September 30, 2025December 31, 2024Senior DebtAnnual Interest RatePrincipalUnamortizedDebt CostsCarryingValuePrincipalUnamortizedDebt CostsCarryingValue($ in millions)Lazard Group 2027   Senior Notes3.625 %$– $– $– $300.0 $1.2 $298.8 Lazard Group 2028   Senior Notes4.50 %500.0 3.0 497.0 500.0 3.8 496.2 Lazard Group 2029  Senior Notes4.375 %500.0 3.2 496.8 500.0 3.9 496.1 Lazard Group 2031   Senior Notes6.00 %400.0 3.6 396.4 400.0 4.1 395.9 Lazard Group 2035  Senior Notes5.625 %300.0 2.9 297.1 – – – $1,700.0 $12.7 $1,687.3 $1,700.0 $13.0 $1,687.0 

In the third quarter of 2025, Lazard Group LLC issued $300 million of 5.625% senior notes due in 2035. Lazard Group LLC used the net proceeds from the 2035 Notes to repurchase or redeem all of the issued and outstanding 2027 Notes.

 The indenture and supplemental indentures relating to Lazard Group LLC’s senior notes contain certain