Senior Debt |
Senior debt is comprised of the following as of September 30, 2022 and December 31, 2021:
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Outstanding as of |
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Initial |
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Annual |
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September 30, 2022 |
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December 31, 2021 |
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Principal
Amount |
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Maturity
Date |
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Interest
Rate(a) |
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Principal |
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Unamortized
Debt Costs |
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Carrying
Value |
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Principal |
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Unamortized
Debt Costs |
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Carrying
Value |
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Lazard Group 2025
Senior Notes |
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$ |
400,000 |
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2/13/25 |
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3.75 |
% |
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$ |
400,000 |
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$ |
1,121 |
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$ |
398,879 |
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$ |
400,000 |
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$ |
1,476 |
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$ |
398,524 |
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Lazard Group 2027
Senior Notes |
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300,000 |
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3/1/27 |
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3.625 |
% |
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300,000 |
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1,723 |
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298,277 |
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300,000 |
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2,015 |
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297,985 |
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Lazard Group 2028
Senior Notes |
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500,000 |
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9/19/28 |
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4.50 |
% |
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500,000 |
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5,077 |
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494,923 |
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500,000 |
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5,716 |
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494,284 |
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Lazard Group 2029
Senior Notes |
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500,000 |
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3/11/29 |
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4.375 |
% |
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500,000 |
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4,987 |
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495,013 |
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500,000 |
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5,566 |
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494,434 |
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Total |
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$ |
1,700,000 |
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$ |
12,908 |
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$ |
1,687,092 |
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$ |
1,700,000 |
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$ |
14,773 |
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$ |
1,685,227 |
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(a) |
The effective interest rates of Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”), Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”), Lazard Group’s 4.50% senior notes due September 19, 2028 (the “2028 Notes”) and Lazard Group’s 4.375% senior notes due March 11, 2029 (the “2029 Notes”) are 3.87%, 3.76%, 4.67% and 4.53%, respectively. |
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