Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cohen & Co Inc. amended revolving credit of up to $25 million with Byline Bank at Term SOFR Rate plus 6.0%, provided that in no event can the interest rate be les maturing December 21, 2024.
- Instrument
- revolving credit
- Principal
- up to $25 million
- Counterparty
- Byline Bank
- Rate
- Term SOFR Rate plus 6.0%, provided that in no event can the interest rate be les
- Maturity
- December 21, 2024
- Event
- amendment
Exact text from the filing
Pursuant to the Second Amended and Restated Agreement, the Lender agreed to make loans to Borrower, at the Borrower’s request from time to time, in the aggregate amount of up to $25 million. Loans (both principal and interest) made by the Lender to the Borrower under the Second Amended and Restated Agreement are scheduled to mature and become immediately due and payable in full on December 21, 2024. In addition, loans may be made under the Second Amended and Restated Agreement until December 21, 2023. Loans under the Second Amended and Restated Agreement will bear interest at a per annum rate equal to the Term SOFR Rate (as such term is defined in the Second Amended and Restated Agreement) plus 6.0%, provided that in no event can the interest rate be less than 7.0%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cohen & Co Inc. amended Second Amended and Restated Revolving Note and Cash Subordination Agreement with Byline Bank valued at $25 million (effective 2022-12-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Byline Bank
- Value
- $25 million
- Effective
- 2022-12-21
Exact text from the filing
On December 21, 2022 (the “Effective Date”), the Borrower and the Lender entered into the Second Amended and Restated Revolving Note and Cash Subordination Agreement (the “Second Amended and Restated Agreement”), which amended and restated the Amended and Restated Agreement in its entirety.
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