Item 1.01 Entry into a Material Definitive Agreement.

Lazard Group Revolving Credit Facility

On July 22, 2020, Lazard Group LLC ("Lazard Group") entered into an Amended and Restated Credit Agreement (the "Amended and Restated Credit Agreement") among Lazard Group, the lenders party thereto and Citibank, N.A., as administrative agent (the "Administrative Agent"), which provides for a three-year $200 million senior revolving credit facility. The Amended and Restated Credit Agreement amends and restates the Credit Agreement (the "Existing Credit Agreement") dated September 25, 2015 among Lazard Group, the lenders party thereto and the Administrative Agent. Concurrently with the effectiveness of the Amended and Restated Credit Agreement, the commitments under the Existing Credit Agreement were terminated.

The Amended and Restated Credit Agreement contains customary terms and conditions substantially similar to the Existing 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. The Amended and Restated Credit Agreement also contains customary LIBOR-replacement mechanics. 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.

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