Lazard Group eyes $400 million sale of senior notes due 2025

By Aleesia Forni

Virginia Beach, Feb. 10 – Lazard Group LLC is planning to bring a $400 million sale of senior notes due 2025 to market, according to a 424B5 filed with the Securities and Exchange Commission.

Citigroup Global Markets Inc. and Goldman Sachs & Co. are the joint bookrunners.

Lazard Frères & Co. LLC is the co-manager.

The notes will feature a make-whole call and a change-of-control put at 101%.

Proceeds will be used to help redeem $450 million of the company’s 6.85% senior notes due 2017.

New York-based Lazard Group provides financial advisory and asset management services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.