CION Investment

CION Investment Corporation has priced a $125 million offering of unsecured notes due 2031. The net proceeds, estimated at $121.25 million, will primarily be used to reduce outstanding borrowings under its senior secured credit facilities. The notes carry a 7.50% annual coupon, payable quarterly, and mature on March 31, 2031. This move aims to enhance financial flexibility and strengthen CION’s credit profile as a business development company investing in middle-market loans.