CION Investment entered into two private Note Purchase Agreements totaling up to $60 million to strengthen liquidity and refinance debt. The company issued $2 million of 7.50% senior notes due 2029 (priced at 98% of par) and $28 million of 8.00% senior notes due 2031 (priced at 97% of par) at the initial closing on July 15, 2026. Subject to purchaser acceptance, CION may issue up to an additional $8 million of 2029 notes and $22 million of 2031 notes within one year. Interest is payable quarterly starting October 15, 2026, and the notes carry standard covenants and redemption rights, supporting CION's broader deleveraging strategy.
Agreement 1: CION Investment Sells Up to $10 Million 7.50% Senior Notes Due 2029 in Private Placement
- Agreement type: Private placement of 7.50% senior unsecured notes due 2029
- Counterparty: Institutional investor
- Signed / Effective: Jul 15 2026 / same
- Duration / Termination: To Sep 30 2029
- Reason: Refinance debt and enhance liquidity
Agreement 2: CION Investment Sells Up to $50 Million 8.00% Senior Notes Due 2031 in Private Placement
- Agreement type: Private placement of 8.00% senior unsecured notes due 2031
- Counterparty: Institutional investor
- Signed / Effective: Jul 15 2026 / same
- Duration / Termination: To Jul 15 2031
- Reason: Refinance debt and support deleveraging
Original SEC Filing:
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