{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-129892","form_type":"8-K","ticker":"COHN","cik":"0001270436","company_name":"Cohen & Co Inc.","filed_at":"2022-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.957308+00:00","generated_at":"2026-06-20T23:15:50.103049+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Cohen & Co amends $25M revolver with Byline Bank, extends maturity to Dec 2024, switches to SOFR","bullets":["$25M revolving credit line for subsidiary J.V.B. Financial Group; maturity extended to Dec 21, 2024.","Interest rate changed to Term SOFR plus 6.0% with a floor of 7.0%; replaces LIBOR.","Covenants require net worth ≥$85M (rising to $90M after July 2023) and excess net capital ≥$40M.","Commitment fees: $125,000 upfront, plus 0.50% quarterly on the undrawn portion.","Guarantors: Cohen & Company, Cohen & Company LLC, and J.V.B. Financial Holdings LP."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-129892","json":"https://secwatch.observer/filing/0001104659-22-129892.json","markdown":"https://secwatch.observer/filing/0001104659-22-129892.md","text":"https://secwatch.observer/filing/0001104659-22-129892.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1270436/000110465922129892/0001104659-22-129892-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1270436/000110465922129892/tm2233393d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T23:15:50.103049+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5a81b1e82795d14b82d9b6691bd08eeba43c6895","claim":"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.","evidence_excerpt":"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%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1270436/000110465922129892/0001104659-22-129892-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $25 million"},{"label":"Counterparty","value":"Byline Bank"},{"label":"Rate","value":"Term SOFR Rate plus 6.0%, provided that in no event can the interest rate be les"},{"label":"Maturity","value":"December 21, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"5fc0df277074b2d37754294d79f87b24e9937bc1","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1270436/000110465922129892/0001104659-22-129892-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Byline Bank"},{"label":"Value","value":"$25 million"},{"label":"Effective","value":"2022-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}