SENIOR DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Senior debt is comprised of the following as of March 31, 2024 and December 31, 2023:


						Outstanding as of
						March 31, 2024						December 31, 2023
	Initial Principal Amount		Maturity Date	Annual Interest Rate(b)		Principal		Unamortized Debt Costs		Carrying Value		Principal		Unamortized Debt Costs		Carrying Value
Lazard Group 2025 Senior Notes (a)	$	400,000	2/13/25	3.75	%	$	164,347	$	170	$	164,177	$	400,000	$	531	$	399,469
Lazard Group 2027 Senior Notes	300,000		3/1/27	3.625	%	300,000		1,138		298,862		300,000		1,235		298,765
Lazard Group 2028 Senior Notes	500,000		9/19/28	4.50	%	500,000		3,799		496,201		500,000		4,012		495,988
Lazard Group 2029 Senior Notes	500,000		3/11/29	4.375	%	500,000		3,828		496,172		500,000		4,022		495,978
Lazard Group 2031 Senior Notes (a)	400,000		3/15/31	6.00	%	400,000		3,968		396,032		–		–		–
Total						$	1,864,347	$	12,903	$	1,851,444	$	1,700,000	$	9,800	$	1,690,200

__________________________

(a)In March 2024, Lazard Group completed an offering of $400,000 aggregate principal amount of 6.00% senior notes due 2031. Interest on the 2031 Notes is payable semi-annually on March 15 and September 15 of each year, beginning September 15, 2024. Lazard Group used a portion of the net proceeds from the 2031 Notes to purchase in a tender offer $235,653 aggregate principal amount of the 2025 Notes.

(b)The effective interest rates of the 2025 Notes, the 2027 Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes are 3.79%, 3.76%, 4.67%, 4.53% and 6.14%, respectively.