Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 204

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part II, Item 8
Chunk 204
---
PrincipalUnamortizedDebt CostsCarryingValuePrincipalUnamortizedDebt CostsCarryingValueLazard Group    2027 Senior    Notes300,000 3/1/273.625 %3.81 %$300,000 $934 $299,066 $300,000 $1,213 $298,787 Lazard Group    2028 Senior    Notes500,000 9/19/284.50 %4.70 %500,000 3,273 496,727 500,000 3,783 496,217 Lazard Group    2029 Senior    Notes500,000 3/11/294.375 %4.56 %500,000 3,414 496,586 500,000 3,875 496,125 Lazard Group    2031 Senior    Notes 400,000 3/15/316.00 %6.16 %400,000 3,748 396,252 400,000 4,077 395,923 Total$1,700,000 $11,369 $1,688,631 $1,700,000 $12,948 $1,687,052 Lazard, Inc. has provided an unconditional and irrevocable guarantee for the repayment of the Lazard Group 2027 Notes, 2028 Notes, 2029 Notes and 2031 Notes (collectively, the “Lazard Group Senior Notes”). 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 June 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. In conjunction with the Lazard, Inc. guarantee of the Lazard Group Senior Notes, Lazard, Inc. provided an unconditional and irrevocable guarantee for the obligations of Lazard Group LLC under the Second Amended and Restated Credit Agreement (see below).The Company’s senior debt is unsecured and is carried at its principal amount outstanding, net of unamortized debt costs. At June 30, 2025 and December 31, 2024, the fair