Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CION Investment Corp amended credit facility of up to $675,000,000 with JPMorgan Chase Bank, National Association at three-month SOFR, plus a credit spread of 3.05% per year, and a LOFR to SOFR cre maturing May 15, 2025.
- Instrument
- credit facility
- Principal
- up to $675,000,000
- Counterparty
- JPMorgan Chase Bank, National Association
- Rate
- three-month SOFR, plus a credit spread of 3.05% per year, and a LOFR to SOFR cre
- Maturity
- May 15, 2025
- Event
- amendment
Exact text from the filing
Association, as securities intermediary, and CION Investment Management, LLC, CION’s investment adviser, as portfolio manager. Advances to 34 th Street remain unchanged of up to $675,000,000 but under the Second Amendment, all such advances bear interest at a floating rate equal to the three-month Secured Overnight Financing Rate (“SOFR”), plus a credit spread of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CION Investment Corp amended Second Amendment to Third Amended and Restated Loan and Security Agreement with JPMorgan Chase Bank, National Association valued at Advances up to $675,000,000 bearing interest at three-month SOFR plus 3.05% per year plus 0.15% cred (effective 2023-05-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association
- Value
- Advances up to $675,000,000 bearing interest at three-month SOFR plus 3.05% per year plus 0.15% cred
- Effective
- 2023-05-15
Exact text from the filing
On May 15, 2023, 34 th Street Funding, LLC (“34 th Street”), a wholly-owned, special purpose financing subsidiary of CĪON Investment Corporation (“CION”), entered into a Second Amendment to Third Amended and Restated Loan and Security Agreement (the “Second Amendment”) with JPMorgan Chase Bank, National Association (“JPM”), as lender and administrative agent, U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator, U.S. Bank National Association, as securities intermediary, and CION Investment Management, LLC, CION’s investment adviser, as portfolio manager.
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