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Senior Debt (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Senior Debt

Senior debt is comprised of the following as of September 30, 2022 and December 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of

 

 

 

Initial

 

 

 

 

Annual

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

Principal

Amount

 

 

Maturity

Date

 

Interest

Rate(a)

 

 

Principal

 

 

Unamortized

Debt Costs

 

 

Carrying

Value

 

 

Principal

 

 

Unamortized

Debt Costs

 

 

Carrying

Value

 

Lazard Group 2025

   Senior Notes

 

$

400,000

 

 

2/13/25

 

 

3.75

%

 

$

400,000

 

 

$

1,121

 

 

$

398,879

 

 

$

400,000

 

 

$

1,476

 

 

$

398,524

 

Lazard Group 2027

   Senior Notes

 

 

300,000

 

 

3/1/27

 

 

3.625

%

 

 

300,000

 

 

 

1,723

 

 

 

298,277

 

 

 

300,000

 

 

 

2,015

 

 

 

297,985

 

Lazard Group 2028

   Senior Notes

 

 

500,000

 

 

9/19/28

 

 

4.50

%

 

 

500,000

 

 

 

5,077

 

 

 

494,923

 

 

 

500,000

 

 

 

5,716

 

 

 

494,284

 

Lazard Group 2029

   Senior Notes

 

 

500,000

 

 

3/11/29

 

 

4.375

%

 

 

500,000

 

 

 

4,987

 

 

 

495,013

 

 

 

500,000

 

 

 

5,566

 

 

 

494,434

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

1,700,000

 

 

$

12,908

 

 

$

1,687,092

 

 

$

1,700,000

 

 

$

14,773

 

 

$

1,685,227

 

 

(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.