Lazard’s $300 Million Bond Offering and Concurrent Tender Offer

Cleary Gottlieb represented Citigroup Global Markets Inc., as representative of the underwriters, in a registered offering by Lazard Group LLC (Lazard) of its $300 million 5.625% senior notes due 2035.

The notes are fully and unconditionally guaranteed by Lazard Inc.

The transaction priced on July 28, 2025, and closed on August 1, 2025.

Cleary is also representing Citigroup Global Markets Inc., as lead dealer manager, in Lazard’s concurrent offer to purchase for cash any and all of its outstanding 3.625% senior notes due 2027, which launched on July 28, 2024. Early tenders are expected to be settled on August 1, 2025. The proceeds from the notes offering will be used to repurchase any and all of the outstanding 2027 notes in the tender offer or to otherwise retire any 2027 notes that remain outstanding following the tender offer.

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.