Lazard Announces Redemption of 3.750% Senior Notes Due February 13, 2025 Issued by Lazard Group LLC
October 30 2024 - 3:15PM
Business Wire
Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary
Lazard Group LLC (“Lazard Group”) will redeem all of the issued and
outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”)
on December 12, 2024 (the “Redemption Date”). The Notes were issued
pursuant to the Indenture, dated as of May 10, 2005 (as amended,
the “Indenture”), between Lazard Group and The Bank of New York
Mellon, as trustee, and have an aggregate principal amount
outstanding of $164,347,000.
The Notes will be redeemed at a make-whole redemption price
calculated in accordance with the Indenture (the “Redemption
Payment”). From and after the Redemption Date, all interest will
cease to accrue on the Notes.
Investors in the Notes should contact the bank or broker through
which they hold a beneficial interest in the Notes for information
about obtaining the Redemption Payment for any Notes in which they
have a beneficial interest.
About Lazard
Founded in 1848, Lazard is one of the world's preeminent
financial advisory and asset management firms, with operations in
North and South America, Europe, the Middle East, Asia, and
Australia. Lazard provides advice on mergers and acquisitions,
capital markets and capital solutions, restructuring and liability
management, geopolitics, and other strategic matters, as well as
asset management and investment solutions to institutions,
corporations, governments, partnerships, family offices, and high
net worth individuals. For more information, please visit
www.lazard.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241030167983/en/
Media Relations Shannon Houston, +1
212-632-6880 shannon.houston@lazard.com
Investor Relations Alexandra
Deignan, +1 212-632-6886 alexandra.deignan@lazard.com
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