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Senior Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Senior Debt | Senior debt is comprised of the following as of December 31, 2024 and 2023:
|  |  |  |  |  |  |  |  | Outstanding as of
|  |  |  |  |  |  |  |  | December 31, 2024 |  | December 31, 2023
| Initial Principal Amount |  | Maturity Date |  | Annual Interest Rate |  | Effective Interest Rate |  | 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 | % |  | – | % |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | 400,000 |  |  | $ | 531 |  |  | $ | 399,469 |
Lazard Group 2027 Senior Notes | 300,000 |  |  | 3/1/27 |  | 3.625 | % |  | 3.81 | % |  | 300,000 |  |  | 1,213 |  |  | 298,787 |  |  | 300,000 |  |  | 1,235 |  |  | 298,765 |
Lazard Group 2028 Senior Notes | 500,000 |  |  | 9/19/28 |  | 4.50 | % |  | 4.70 | % |  | 500,000 |  |  | 3,783 |  |  | 496,217 |  |  | 500,000 |  |  | 4,012 |  |  | 495,988 |
Lazard Group 2029 Senior Notes | 500,000 |  |  | 3/11/29 |  | 4.375 | % |  | 4.56 | % |  | 500,000 |  |  | 3,875 |  |  | 496,125 |  |  | 500,000 |  |  | 4,022 |  |  | 495,978 |
Lazard Group 2031 Senior Notes (a) | 400,000 |  |  | 3/15/31 |  | 6.00 | % |  | 6.16 | % |  | 400,000 |  |  | 4,077 |  |  | 395,923 |  |  | – |  |  | – |  |  | $ | – |
Total |  |  |  |  |  |  |  |  | $ | 1,700,000 |  |  | $ | 12,948 |  |  | $ | 1,687,052 |  |  | $ | 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 in 2031. Interest on the 2031 Notes is payable semi-annually on March 15 and September 15 of each year, beginning September 15, 2024. Shortly following the offering, 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. On December 12, 2024, the remaining $164,347 aggregate principal amount of the 2025 Notes was redeemed or otherwise retired.
Schedule of Debt Maturities Relating to Senior Borrowings Outstanding | Debt maturities relating to senior borrowings outstanding at December 31, 2024 for each of the five years in the period ending December 31, 2029 and thereafter are set forth in the table below.
Year Ending December 31, |
2025 | $ | – |
2026 | – |
2027 | 300,000 |
2028 | 500,000 |
2029 | 500,000 |
Thereafter | 400,000 |
Total | $ | 1,700,000 |

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