secwatch.observer — SEC 8-K summary
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Issuer:     Cohen & Co Inc. (COHN)
CIK:        0001270436
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001104659-22-129892
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Co amends $25M revolver with Byline Bank, extends maturity to Dec 2024, switches to SOFR
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1270436/000110465922129892/0001104659-22-129892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1270436/000110465922129892/tm2233393d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-129892

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