SENIOR DEBT (Tables)

9 Months Ended

Sep. 30, 2025

Senior debt is comprised of the following as of September 30, 2025 and December 31, 2024:


							Outstanding as of
							September 30, 2025						December 31, 2024
	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 2027 Senior Notes (a)	300,000	3/01/27	3.625	%	–	%	$	–	$	–	$	–	$	300,000	$	1,213	$	298,787
Lazard Group 2028 Senior Notes	500,000	9/19/28	4.50	%	4.70	%	500,000		3,018		496,982		500,000		3,783		496,217
Lazard Group 2029 Senior Notes	500,000	3/11/29	4.375	%	4.56	%	500,000		3,184		496,816		500,000		3,875		496,125
Lazard Group 2031 Senior Notes	400,000	3/15/31	6.00	%	6.16	%	400,000		3,584		396,416		400,000		4,077		395,923
Lazard Group 2035 Senior Notes (a)	300,000	8/01/35	5.625	%	5.72	%	300,000		2,933		297,067		–		–		–
Total							$	1,700,000	$	12,719	$	1,687,281	$	1,700,000	$	12,948	$	1,687,052

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(a)During the third quarter of 2025, Lazard Group LLC completed an offering of $300,000 aggregate principal amount of 5.625% senior notes due in 2035. Interest on the 2035 Notes is payable semi-annually on February 1 and August 1 of each year, beginning February 1, 2026. Lazard Group LLC used the net proceeds from the 2035 Notes to repurchase or redeem all of the issued and outstanding 2027 Notes.