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

1. Lazard Group is offering senior unsecured notes to investors. 2. The offering follows an effective SEC shelf registration statement.

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FAQ

Why Bullish?

Issuing senior notes can strengthen liquidity and financial flexibility. Historically, similar offerings have led to positive market reactions for firms enhancing capital structure.

How important is it?

The offering could indicate Lazard's intent to raise capital for growth or strategic investments, enhancing investor confidence. Similar past actions have often led to a favorable view among investors.

Why Short Term?

Investor sentiment may improve shortly due to the announcement of capital raising efforts. Quick market adjustments in response to such news can be expected.

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NEW YORK--(BUSINESS WIRE)--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 unc.

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