Unsecured Notes

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.

Runway Growth Finance Corp. has launched an offering of unsecured notes to refinance existing debt, fund the SWK Holdings acquisition, and support general corporate purposes. The notes are intended for listing on Nasdaq, with trading expected to begin within 30 days of issuance. Details on interest rates and terms are pending. Investors should consult the prospectus for risks and objectives. The company, a BDC, aims to optimize its capital structure for strategic growth.