UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On March 6, 2024, Lazard, Inc. issued a press release announcing the intention of its subsidiary Lazard Group LLC (the “Company”) to offer one or more series of the Company’s senior notes in a registered public offering pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-263578). The March 6, 2024 press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
On March 6, 2024, Lazard, Inc. issued a press release announcing that the Company has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “2025 Notes”). The Tender Offer is subject to the conditions described in the offer to purchase and related letter of transmittal and notice of guaranteed delivery delivered to the holders of the 2025 Notes on March 6, 2024, including the condition that the Company has received, on terms satisfactory to it in its sole discretion, net proceeds from one or more offerings of senior unsecured notes after March 6, 2024 in an amount sufficient to fund (i) the purchase of all 2025 Notes accepted in the Tender Offer and (ii) all fees and expenses in connection with the Tender Offer. The Tender Offer will expire at 5:00 p.m., New York City time, on March 12, 2024 unless extended or terminated earlier by the Company.
Assuming that all of the outstanding 2025 Notes are repurchased in the Tender Offer, the Company estimates that it will incur a gain on debt extinguishment in connection with the Tender Offer of approximately $4.3 million. The March 6, 2024 press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated March 6, 2024 | |
| 99.2 | Press Release, dated March 6, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| LAZARD GROUP LLC (Registrant) | ||
| By: | /s/ Mary Ann Betsch | |
| Name: Mary Ann Betsch | ||
| Title: Chief Financial Officer | ||
Dated: March 6, 2024