Lazard Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC

NEW YORK, July 28, 2025 – Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior notes (the “Notes”). The Notes would be issued by Lazard Group and would be offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Notes would be senior unsecured obligations of Lazard Group. The Notes would be fully and unconditionally guaranteed by Lazard, Inc. The guarantees of the Notes would be unsecured unsubordinated obligations of Lazard, Inc.

Concurrently with the Offering, Lazard Group is commencing a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.625% Senior Notes due March 1, 2027 (the “2027 Notes”).

Lazard Group intends to use the net proceeds from the Offering to repurchase all of its 2027 Notes that are validly tendered and not validly withdrawn and accepted for purchase pursuant to the Tender Offer, to pay fees and expenses related to the Tender Offer, and to use the remaining amount for general corporate purposes.

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