Moody's also downgraded the company's senior secured notes rating to B1 from Ba3. "Although the loss of Ahold revenue will be in increments through 2024, it will ultimately lower EBITDA significantly", Moody's Vice President Mickey Chadha stated.

In fiscal 2019, C&S' net sales to Ahold accounted for $10.9 billion or 42% of its grocery and distribution sales. In addition, C&S agreed to sell to Ahold for a total purchase price of $271 million its Chester, NY, facilities, ES3, LLC's York, PA facilities (including the York, PA freezer), and certain other related assets including, among other things, fixtures and equipment at those facilities and its Bethlehem, PA facility and nearly 700 trailers.

PHILADELPHIA and NEW YORK, July 31, 2019 -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2019 on Friday, August 2,.

PHILADELPHIA and NEW YORK, Oct. 28, 2019 -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the third quarter 2019 on Wednesday, October.

PHILADELPHIA and NEW YORK, May 08, 2020 -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in fixed income markets, today reported.

PHILADELPHIA and NEW YORK, March 05, 2020 -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in fixed income markets, today reported.

PHILADELPHIA and NEW YORK, Oct. 30, 2019 -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in fixed income markets, today reported.

PHILADELPHIA and NEW YORK, Aug. 02, 2019 -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in fixed income markets, today reported.