The Company announced that it has priced an underwritten public offering of $125.0 million aggregate principal amount of unsecured notes due 2031 (the “Notes”), which will result in net proceeds to the Company of approximately $121.25 million after the payment of underwriting discounts and commissions and not including estimated offering expenses payable by the Company. The Notes will mature on March 31, 2031 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after March 31, 2028. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 7.50% per year, payable quarterly, with the first interest payment occurring on March 30, 2026. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of Notes to cover overallotments, if any. The offering is expected to close on February 9, 2026, subject to customary closing conditions. The Company intends to list the Notes on the New York Stock Exchange within 30 days of the original issue date. As of 2026-02-02, the Fund’s leverage was 57.2% and Debt Focused BDC Group leverage was 50.5%.
CION Inv Corp
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