Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 48

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 48
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   CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES
   (Dollars in Thousands)

       March 31, 2025    December 31, 2024  
 Other investments, at fair value  $10,616  $10,822 
 Investments in equity method affiliates   752   2,446 
 Maximum exposure  $11,368  $13,268 

       34

   15. DEBT 
   ﻿ 
   The Company had the following debt outstanding.
    
   DETAIL OF DEBT
   (Dollars in Thousands)

       As of    As of   Interest     
 Description   March 31, 2025    December 31, 2024   Rate Terms   Interest (2)   Maturity 
 Non-convertible debt:              
 12.00% senior note (the "2024 Note")  $5,146  $5,146  Fixed   12.00%   August 2026 
 12.00% senior note (the "2020 Note")   4,500   4,500  Fixed   12.00%   January 2026 
              
 Junior subordinated notes: (1)              
 Alesco Capital Trust I   28,125   28,125  Variable   8.55%   July 2037 
 Sunset Financial Statutory Trust I   20,000   20,000  Variable   8.71%   March 2035 
 Less unamortized discount   (22,774)  (22,867)     
   25,351   25,258      
              
 Byline Credit Facility   -   -  Variable   NA   June 2025 
 Total  $34,997  $34,904      

     (1)  The junior subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614.  However, the Company owns the common stock of the trusts in a total par amount of $1,489.  The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes