UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2015
Lazard Ltd
(Exact name of registrant as specified in its charter)
Bermuda
(State or other jurisdiction
of incorporation)
| 001-32492 | 98-0437848 | |
| (Commission File Number) | (IRS Employer Identification No.) | |
| Clarendon House, 2 Church Street, Hamilton, Bermuda | HM 11 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
Registrant’s telephone number, including area code: 441-295-1422
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 1.01 | Entry into a Material Definitive Agreement. |
Lazard Group Revolving Credit Facility
On September 25, 2015, Lazard Group LLC (“Lazard Group”) entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) among Lazard Group, a group of lenders and Citibank, N.A., as administrative agent (the “Administrative Agent”), which provides for a five-year $150 million senior revolving credit facility. The Amended and Restated Credit Agreement amends and restates the Credit Agreement (the “Original Credit Agreement”) dated September 25, 2012 among Lazard Group, a group of lenders and the Administrative Agent. Concurrently with the effectiveness of the Amended and Restated Credit Agreement, the commitments under the Original Credit Agreement were terminated.
The Amended and Restated Credit Agreement contains customary terms and conditions substantially similar to the Original Credit Agreement. Such terms and conditions include limitations on consolidations, mergers, indebtedness and certain payments, as well as financial condition covenants relating to leverage and interest coverage ratios. Lazard Group’s obligations under the Amended and Restated Credit Agreement may be accelerated upon customary events of default, including non-payment of principal or interest, breaches of covenants, cross-defaults to other material debt, a change in control and specified bankruptcy events.
| Item 1.02 | Termination of a Material Definitive Agreement. |
The disclosure required by this item is included in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosure required by this item is included in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| LAZARD LTD | ||
| (Registrant) | ||
| By: |
/s/ Matthieu Bucaille | |
| Name: |
Matthieu Bucaille | |
| Title: |
Chief Financial Officer | |
Dated: September 29, 2015