SENIOR DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Senior Debt

Senior debt is comprised of the following as of September 30, 2024 and December 31, 2023:

								Outstanding as of
								September 30, 2024						December 31, 2023
	Initial Principal Amount		Maturity Date	Annual Interest Rate		Effective Interest Rate		Principal		Unamortized Debt Costs		Carrying Value		Principal		Unamortized Debt Costs		Carrying Value
Lazard Group    2025 Senior    Notes (a)	$	400,000	2/13/25	3.75	%	3.77	%	$	164,347	$	72	$	164,275	$	400,000	$	531	$	399,469
Lazard Group    2027 Senior    Notes	300,000		3/1/27	3.625	%	3.76	%	300,000		943		299,057		300,000		1,235		298,765
Lazard Group    2028 Senior    Notes	500,000		9/19/28	4.50	%	4.67	%	500,000		3,373		496,627		500,000		4,012		495,988
Lazard Group    2029 Senior    Notes	500,000		3/11/29	4.375	%	4.53	%	500,000		3,442		496,558		500,000		4,022		495,978
Lazard Group    2031 Senior    Notes (a)	400,000		3/15/31	6.00	%	6.14	%	400,000		3,674		396,326		–		–		–
Total								$	1,864,347	$	11,504	$	1,852,843	$	1,700,000	$	9,800	$	1,690,200

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(a)In March 2024, Lazard Group completed an offering of $400,000 aggregate principal amount of 6.00% senior notes due in 2031. Interest on the 2031 Notes is payable semi-annually on March 15 and September 15 of each year, beginning September 15, 2024. Lazard Group used a portion of the net proceeds from the 2031 Notes to purchase in a tender offer $235,653 aggregate principal amount of the 2025 Notes. On October 30, 2024, the Company announced that it will redeem all of the issued and outstanding 2025 Notes on December 12, 2024.