Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 232

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 232
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 31, 2025 on a combined basis was 20.01% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity. 

      (2) 
      Represents the interest rate in effect as of the last day of the reporting period.   

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Off-Balance Sheet Arrangements 

Other than as described in note 9 (derivative financial instruments) and note 14 (variable interest entities) to our consolidated financial statements included in Item 1 of this Quarterly Report on Form 10-Q, there were no material off balance sheet arrangements as of March 31, 2025. 

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Contractual Obligations 

The table below summarizes our significant contractual obligations as of March 31, 2025 and the future periods in which such obligations are expected to be settled in cash. Our junior subordinated notes are assumed to be repaid on their respective maturity dates. Excluded from the table below are obligations that are short-term in nature, including trading liabilities (including derivatives) and repurchase agreements. In addition, amortization of discount on debt is excluded.

CONTRACTUAL OBLIGATIONS

March 31, 2025

(Dollars in Thousands)

      Payment Due by Period 

      Total 

      Less than 1 Year 

      1 - 3 Years 

      3 - 5 Years 

      More than 5 Years 

      Operating lease arrangements 
      
     $
     21,725

     $
     2,284

     $
     4,902

     $
     4,776

     $
     9,763

      Maturity of 2024 Note (1) 

     5,146

     2,573

     2,573

     -

     -

      Interest on 2024 Note (1) 

     720

     514

     206

     -

     -

      Maturity of 2020 Note (1) 

     4,500

     4,500

     -

     -

     -

      Interest on 2020 Note (1) 

     586

     586

     -

     -

     -

      Maturities on junior subordinated notes 

     48,125

     -

     -

     -

     48,125

      Interest on junior subordinated notes (2) 

     47,475

     4,146

     8,293