Company: LAZ
Filing Date: 2025-08-01
Form Type: 8-K
Source: 0001628280-25-037248
Chunk: 0

Company: Lazard, Inc.
Filing Date: 2025-08-01
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive Agreement.

On August 1, 2025, Lazard Group LLC (“ Lazard Group”), a subsidiary of Lazard, Inc., completed its previously announced offering of an aggregate principal amount of $300,000,000 of Lazard Group’s 5.625% Senior Notes due 2035 (the “ Notes”) in a registered public offering pursuant to Lazard Group’s shelf registration statement on Form S-3 (Registration No. 333-285808).

The Notes were issued pursuant to a twelfth supplemental indenture, dated August 1, 2025 (the “ Twelfth Supplemental Indenture”), between Lazard Group, as the issuer, Lazard, Inc., as guarantor, and The Bank of New York Mellon, as trustee, to an indenture, dated May 10, 2005 (the “ Indenture”), between Lazard Group and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee. The Notes bear interest at the rate of 5.625% per year. Interest on the Notes is payable on February 1 and August 1 of each year, beginning on February 1, 2026. The Notes will mature on August 1, 2035. Lazard Group may, at its option, redeem some or all of the Notes at any time by paying the applicable redemption prices set forth in the Indenture and the Twelfth Supplemental Indenture. In addition, holders of the Notes may require Lazard Group to repurchase the Notes upon the occurrence of a change of control triggering event. The Notes are senior unsecured obligations of Lazard Group and rank equally with all of Lazard Group’s other existing and future senior unsecured indebtedness. The Notes are fully and unconditionally guaranteed by Lazard, Inc. (the “ Guarantees”). The Guarantees are unsecured unsubordinated obligations of Lazard, Inc. and rank equally with all of Lazard, Inc.’s other unsecured unsubordinated debt obligations. The Indenture and the Twelfth Supplemental Indenture contain certain covenants, events of default, and other customary provisions.

On July 28, 2025, Lazard Group entered into an underwriting agreement (the “ Underwriting Agreement”) with Citigroup Global Markets Inc., as representative of the several underwriters listed on Schedule I thereto (collectively, the “ Underwriters”), pursuant to