Lazard, Inc. Files 8-K for Material Agreement

TL;DR

Lazard signed a big deal, filing an 8-K today.

AI Summary

Lazard, Inc. filed an 8-K on December 11, 2024, reporting the entry into a material definitive agreement. The filing also includes other events and financial statements/exhibits. The company, incorporated in Delaware with its principal executive offices at 30 Rockefeller Plaza, New York, NY, has a fiscal year end of December 31.

Why It Matters

This filing indicates a significant new agreement for Lazard, Inc., which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's future performance.

Key Numbers

• 001-32492 — Commission File Number (Identifies Lazard, Inc.'s SEC filing history.)
• 98-0437848 — IRS Employer Identification No. (Tax identification number for Lazard, Inc.)

Key Players & Entities

• Lazard, Inc. (company) — Registrant
• December 11, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 30 Rockefeller Plaza, New York, New York 10112 (address) — Address of Principal Executive Offices
• 212 - 632-6000 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share LAZ New York Stock Exchange
• $300,000,000 — the Trustee, under which Lazard Group's $300,000,000 aggregate principal amount of 3.625% Se
• $500,000,000 — amount of 3.625% Senior Notes due 2027, $500,000,000 aggregate principal amount of 4.500% Se
• $400,000,000 — unt of 4.375% Senior Notes due 2029 and $400,000,000 aggregate principal amount of 6.000% Se

Filing Documents

• laz-20241211.htm (8-K) — 40KB
• exhibit41-8xk.htm (EX-4.1) — 74KB
• exhibit51-8xk.htm (EX-5.1) — 10KB
• exhibit991-8xk.htm (EX-99.1) — 26KB
• lazardlogo.jpg (GRAPHIC) — 27KB
• 0001628280-24-051041.txt ( ) — 332KB
• laz-20241211.xsd (EX-101.SCH) — 2KB
• laz-20241211_lab.xml (EX-101.LAB) — 21KB
• laz-20241211_pre.xml (EX-101.PRE) — 12KB
• laz-20241211_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On December 12, 2024, Lazard Group LLC, a Delaware limited liability company ("Lazard Group"), as the issuer, Lazard, Inc., a Delaware corporation ("Lazard"), and The Bank of New York Mellon, as the trustee (the "Trustee"), entered into the Eleventh Supplemental Indenture (the "Eleventh Supplemental Indenture") to the Indenture dated as of May 10, 2005 (as amended and supplemented from time to time, the "Indenture"), between Lazard Group and the Trustee, under which Lazard Group's $300,000,000 aggregate principal amount of 3.625% Senior Notes due 2027, $500,000,000 aggregate principal amount of 4.500% Senior Notes due 2028, $500,000,000 aggregate principal amount of 4.375% Senior Notes due 2029 and $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (collectively, the "Notes") were issued. The Eleventh Supplemental Indenture modifies the reporting covenant contained in the Indenture to provide that so long as any parent entity of Lazard Group guarantees the securities issued under the Indenture (including the Notes), the reports, information and other documents required to be filed and furnished to holders pursuant to the Indenture may, at the option of Lazard Group, be filed by and be those of such parent entity rather than Lazard Group. Pursuant to the Eleventh Supplemental Indenture, Lazard has provided a guarantee of each series of the Notes (with respect to each series of Notes, a "Lazard Guarantee"), and Lazard Group expects that it will exercise its rights under the Indenture for Lazard to file or furnish the reports, information and other documents required pursuant to the Indenture in lieu of Lazard Group filing or furnishing such reports, information and other documents. Each Lazard Guarantee is an unsecured unsubordinated obligation of Lazard and will rank pari passu with Lazard's other unsecured unsubordinated obligations. The foregoing summary of the Eleventh Supplemental Inden

01 Other Events

Item 8.01 Other Events On December 11, 2024, Lazard announced the completion of the consent solicitation and offer to guarantee whereby Lazard obtained the requisite consents of the holders of each series of the Notes to amend the Indenture to modify the reporting covenant to provide that so long as any parent entity of Lazard Group guarantees the securities issued under the Indenture (including the Notes), the reports, information and other documents required to be filed and furnished to holders of such series of notes pursuant to the applicable indenture may, at the option of Lazard Group, be filed by and be those of such parent entity rather than Lazard Group. Lazard also announced that it will guarantee the Notes. A copy of the press release announcing the closing of the consent solicitation is hereby incorporated by reference and attached hereto as Exhibit 99.1. Cautionary Note Regarding Forward Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," or "continue," and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These forward-looking statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially f

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 4.1 Eleventh Supplemental Indenture, dated as of December 12, 2024, among Lazard Group LLC, Lazard, Inc. and The Bank of New York Mellon, as trustee 5.1 Opinion of Sullivan & Cromwell LLP 99.1 Press Release dated December 11, 2024, relating to the consent solicitation

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. LAZARD, INC. (Registrant) By: /s/ Shari Soloway Name: Shari Soloway Title: Corporate Secretary Dated: December 12, 2024

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View this 8-K filing on SEC EDGAR