Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1381

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1381
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 amended and restated the JKD Note in its entirety.  The 2022 Purchase Agreement contains customary representations and warranties on the part of each of JKD Investor and the Operating LLC. The Company used these proceeds to retire the $2,250 of 2020 Senior Notes held by RNCS.  See notes 20 and 31.
    
   On  January 5, 2024, the Operating LLC and JKD Investor entered into an amendment to the Amended and Restated Note, pursuant to which the Amended and Restated Note was amended to (a) extend (i) the maturity date thereof from  January 31, 2024 to  January 31, 2026, (ii) the date following which the Amended and Restated  may be redeemed by JKD Investor from  January 31, 2023 to  January 31, 2025, and (iii) the date following which the Amended and Restated Note  may be prepaid by the Operating LLC from  January 31, 2023 to  January 31, 2025; and (b) increase the interest rate payable under the Amended and Restated Note from 10% per annum to 12% per annum effective as of  January 31, 2024.

        F-
       21

   5. NET TRADING 
   ﻿ 
   Net trading consisted of the following in the periods presented.
   ﻿
    NET TRADING 
 (Dollars in Thousands) 

       Year Ended December 31,  
   2024    2023    2022  
 Net realized gains / (losses)- trading inventory  $19,163  $18,962  $12,583 
 Net unrealized gains / (losses)-trading inventory   1,742   (2,087)  (2,463)
 Gains and losses   20,905   16,875   10,120 
             
 Interest income-trading inventory   4,375   4,250   2,888 
 Interest income-reverse repos   37,958   28,238   47,023 
 Interest income   42,333   32,488   49,911 
             
 Interest expense-repos   (34,496)  (25,072)  (31,