NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) will redeem all of the issued and outstanding 3.625% Senior Notes due March 1, 2027 (the “Notes”) on September 18, 2025 (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 $97,027
Related Questions
What is the expected impact of the note redemption on Lazard's cash position and liquidity ratios?
How will the early redemption affect Lazard's interest expense and overall cost of debt?
What is the implied yield or cost savings from redeeming the 3.625% notes before maturity?
Will Lazard use existing cash, a new issuance, or a combination to fund the redemption?
How does this redemption compare to similar debt retirements by peer financial advisory firms?
What is the expected reaction of the market and potential short‑term price movement for LAZ stock?
Will the redemption trigger any covenant or rating changes for Lazard's credit profile?
Are there any tax or accounting implications associated with the early redemption of the notes?
Does the redemption signal management's confidence in the company's financial health or a strategic shift in capital structure?
How might this redemption affect Lazard's leverage metrics and future borrowing capacity?
Will the redemption impact any existing share repurchase programs or dividend policy?
Are there any potential upside or downside risks to the redemption that could affect long‑term valuation?