Lazard’s $500 Million Senior Debt Offering and Concurrent Debt Tender Offer


Cravath represented Lazard Group LLC (“Lazard”) in connection with its $500 million registered senior debt offering and its related concurrent debt tender offer.

Lazard is one of the world’s preeminent financial advisory and asset management firms. The senior debt offering transaction closed on September 19, 2018. Early settlement for the debt tender offer is expected to occur on September 28, 2018, with final settlement expected to occur on October 12, 2018.

The Cravath team included partners Johnny G. Skumpija (Picture) and Erik R. Tavzel and associates Ryan J. Patrone, Cole-Gabriel DuMond and Carys A. Johnson on securities matters, and associate Damien J. Rose on tax matters.

Involved fees earner: Johnny Skumpija – Cravath Swaine & Moore; Erik Tavzel – Cravath Swaine & Moore; Ryan Patrone – Cravath Swaine & Moore; Cole-Gabriel DuMond – Cravath Swaine & Moore; Carys Johnson – Cravath Swaine & Moore; Damien Rose – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Lazard;

Author: Ambrogio Visconti