Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 306

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 306
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 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 September 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 
      
      8.57% 
      
      July 2037 

      Sunset Financial Statutory Trust I 

     20,000

     20,000
      
      Variable 
      
      8.41% 
      
      March 2035 

      Less unamortized discount 

     (22,482
     )

     (22,867
     )

     25,643

     25,258

      Byline Credit Facility 

     -

     -
      
      Variable 
      
      NA 
      
      June 2026 

      Total 
      
     $
     32,716

     $
     34,904

      (1) 
      The junior subordinated notes listed represent debt we owe to the two trusts noted above. The total par amount owed by us to the trusts is $49,614.  However, we own the common stock of the trusts in a total par amount of $1,489