StockNews.AI
LAZ
StockNews.AI
3 days

Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC

1. Lazard Group issued $300 million in senior notes at 5.625% interest. 2. Funds raised will strengthen Lazard's financial position and capabilities.

2m saved
Insight
Article

FAQ

Why Bullish?

The senior notes issuance indicates strong demand and financial stability, similar to past debt offerings that led to price increases for LAZ.

How important is it?

The successful issuance of senior notes reflects investor confidence and may enhance future growth prospects for LAZ.

Why Short Term?

Market reactions to new debt offerings typically occur quickly, as seen with similar issuances affecting stock prices shortly after announcements.

Related Companies

JPMGSMS
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $300,000,000 aggregate principal amount of 5.625% Senior Notes due 2035 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group. Th.

Related News