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Senior Debt (Tables)
12 Months Ended
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, 2024December 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)
$400,000 2/13/253.75 %– %$– $– $– $400,000 $531 $399,469 
Lazard Group 2027 Senior Notes
300,000 3/1/273.625 %3.81 %300,000 1,213 298,787 300,000 1,235 298,765 
Lazard Group 2028 Senior Notes
500,000 9/19/284.50 %4.70 %500,000 3,783 496,217 500,000 4,012 495,988 
Lazard Group 2029 Senior Notes
500,000 3/11/294.375 %4.56 %500,000 3,875 496,125 500,000 4,022 495,978 
Lazard Group
  2031 Senior Notes (a)
400,000 3/15/316.00 %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– 
2027300,000 
2028500,000 
2029500,000 
Thereafter400,000 
Total$1,700,000