CION Investment Corp (CION): debt financing — CION extends JPM & UBS credit facilities; SOFR transition, reduced minimum borrowing

Under the Confirmations, the date that Murray Hill Funding will be required to repurchase the Class A-1 Notes and the Class A-R Notes (collectively, the “Notes”) previously sold to UBS under the UBS facility was extended from November 19, 2023 to November 19, 2024. Also under the Confirmations, the financing fee payable to UBS was revised from a floating rate equal to the three-month London Interbank Offered Rate (“LIBOR”), plus a spread of 3.375% per year, to a floating rate equal to the three-month Secured Overnight Financing Rate (“SOFR”), plus a spread of (a) to (but excluding) November 19, 2023, 3.375% per year and a LIBOR to SOFR spread adjustment of 0.15%, and (b) thereafter, 3.20% per year.