Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 73

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 73
---
%4.70 %500,000 3,018 496,982 500,000 3,783 496,217 Lazard Group    2029 Senior    Notes500,000 3/11/294.375 %4.56 %500,000 3,184 496,816 500,000 3,875 496,125 Lazard Group    2031 Senior    Notes 400,000 3/15/316.00 %6.16 %400,000 3,584 396,416 400,000 4,077 395,923 Lazard Group    2035 Senior    Notes (a)300,000 8/01/355.625 %5.72 %300,000 2,933 297,067 – – – Total$1,700,000 $12,719 $1,687,281 $1,700,000 $12,948 $1,687,052 __________________________(a)During the third quarter of 2025, Lazard Group LLC completed an offering of $300,000 aggregate principal amount of 5.625% senior notes due in 2035. Interest on the 2035 Notes is payable semi-annually on February 1 and August 1 of each year, beginning February 1, 2026. Lazard Group LLC used the net proceeds from the 2035 Notes to repurchase or redeem all of the issued and outstanding 2027 Notes.Lazard, Inc. has provided an unconditional and irrevocable guarantee for the repayment of all the senior notes in the table above. The guarantee covers both the principal and interest payments on the senior debt and will remain in effect until all the Lazard Group senior notes are repaid. As of September 30, 2025, the maximum future payments that Lazard, Inc. could be required to make under this guarantee is the same as the principal value in the table above plus accrued interest. The Company’s senior debt is unsecured and is carried at its principal amount outstanding, net of unamortized debt costs. At September 30, 2025 and December 31, 2024, the fair value of such senior debt was approximately $1,732,000 and $1,682,000, respectively. The fair value of the