secwatch.observer — SEC 8-K summary
======================================

Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001104659-23-026755
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CION issues $80.7M Series A unsecured notes due 2026, SOFR+3.82%, rated A1.il by Midroog
--------------------------------------------------------------------------------

- Issued ~$80.7M aggregate principal of Series A Unsecured Notes due August 31, 2026.
- Net proceeds of ~$77.9M to be used for portfolio investments, working capital, and general corporate purposes.
- Notes bear variable interest at SOFR plus a fixed margin of 3.82% per year, paid quarterly.
- Notes listed and commenced trading on the Tel Aviv Stock Exchange on February 28, 2023; common stock also listed on TASE on February 26.
- Covenants include minimum shareholders' equity of $525M and asset coverage ratio not less than 150%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923026755/0001104659-23-026755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923026755/tm237948d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-026755

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer