Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 139

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 139
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      Maximum month end 
      
     $
     816,290

     $
     742,120

Fluctuations in the balance of our repurchase agreements from period to period and intra-period are dependent on business activity in those periods. The fluctuations in the balances of our receivables under resale agreements over the periods presented were impacted by our clients' desires to execute on balance sheet collateralized financing arrangements.

Average balances and period end balances will fluctuate based on market and liquidity conditions and we consider such intra-period fluctuations as typical for the repurchase market. Month-end balances may be higher or lower than average period balances.  

       87

Debt Financing 

The following table summarizes our long-term indebtedness and other financing outstanding. See note 15 to our consolidated financial statements included in Item 1 in this Quarterly Report on Form 10-Q for a discussion of our outstanding debt.

DETAIL OF DEBT

      As of June 30, 2025 

      As of December 31, 2024 
      
      Interest Rate Terms 
      
      Interest (2) 
      
      Maturity 

      Description 

      Non-convertible debt: 

      12.00% senior note (the "2024 Note") 
      
     $
     2,573

     $
     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 
      
      8.54% 
      
      July 2037 

      Sunset Financial Statutory Trust I 

     20,000

     20,000
      
      Variable 
      
      8.71% 
      
      March 2035 

      Less unamortized discount 

     (22,643
     )

     (22,867
     )

     25,482

     25,258

      Byline Credit Facility 

     -

     -
      
      Variable 
      
      NA 
      
      June 2026 

      Total