CION Inv Corp

The company has entered into an agreement to issue $150 million in 7.50% notes due in 2029, with an option for underwriters to purchase an additional $22.5 million to cover overallotments. The material definitive agreement, dated September 26, 2024, was established between CION, its investment adviser CION Investment Management, LLC, and Keefe, Bruyette & Woods, Inc., acting as the representative for the underwriters.

The notes offering, set to close on October 3, 2024, is part of a shelf registration statement previously filed with the SEC. The issuance is supplemented by a preliminary prospectus dated the same day as the agreement and a final prospectus supplement. As of 2024-09-30, the Fund’s leverage was 59.7% and Debt Focused BDC Group leverage was 50.3%.

2024-10-01T00:00:00-04:00October 1st, 2024|

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