secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001104659-23-062100
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CION extends JPM credit facility to May 2025, shifts to SOFR, cuts minimum borrowings to $550M
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- Advances up to $675M unchanged; interest rate now 3-month SOFR + 3.05% plus 0.15% credit spread adjustment.
- Reinvestment period extended from May 2023 to May 2024; maturity extended from May 2024 to May 2025.
- Minimum borrowings reduced by $50M to $550M; six-month non-call provision added.
- Second Amendment dated May 15, 2023; no other material terms of the facility were revised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923062100/0001104659-23-062100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923062100/tm2316014d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-062100

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