Item 1.01 Entry into a Material Definitive Agreement.
On September 19, 2018, Lazard Group LLC (the “Company”) completed its previously announced offering of an aggregate principal amount of $500 million of the Company’s 4.500% Senior Notes due 2028 (the “Notes”) in a registered public offering pursuant to the Company’s shelf registration statement on FormS-3, filed with the Securities and Exchange Commission on May 2, 2017 (RegistrationNo. 333-217599).
The Notes were issued pursuant to an eighth supplemental indenture, dated September 19, 2018 (the “Eighth Supplemental Indenture”), between the Company and The Bank of New York Mellon, as trustee, to an indenture, dated May 10, 2005 (the “Indenture”), between the Company and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee. The Notes bear interest at the rate of 4.500% per year. Interest on the Notes is payable on March 19 and September 19 of each year, beginning on March 19, 2019. The Notes will mature on September 19, 2028. The Company may, at its option, redeem some or all of the Notes at any time by paying the applicable redemption prices set forth in the Indenture and the Eighth Supplemental Indenture. In addition, holders of the Notes may require the Company to repurchase the Notes upon the occurrence of a change of control triggering event. The Notes are senior unsecured obligations of the Company and rank equally with all of its other existing and future senior unsecured indebtedness. Neither Lazard Ltd nor any of the Company’s subsidiaries will guarantee the Notes. The Indenture and the Eighth Supplemental Indenture contain certain covenants, events of default and other customary provisions.
The foregoing descriptions of the Notes, the Indenture and the Eighth Supplemental Indenture are only a summary and are qualified in their entirety by reference to the full text of the Indenture and the Eighth Supplemental Indenture. A copy of the Eighth Supplemental Indenture is attached hereto as Exhibit 4.1, a copy of the Indenture is attached as Exhibit 4.1 to the Company’s Registration Statement (FileNo. 333-126751) on FormS-4 filed on July 21, 2005, and each is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant.
The information in Item 1.01 of this Current Report on Form8-K is incorporated herein by reference.
Item 8.01 Other Events.
On September 19, 2018, Lazard Ltd issued a press release announcing the completion of the offering of the Notes by the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
