---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-071481"
form_type: "8-K"
ticker: "CION"
cik: "0001534254"
company_name: "CION Investment Corp"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:08:27.546919+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CION extends JPM & UBS credit facilities; SOFR transition, reduced minimum borrowing

## Summary
- JPM facility: reinvestment period extended to May 2024, maturity to May 2025; total advances unchanged at $675M.
- JPM minimum borrowing reduced by $50M to $550M with a six-month non-call provision.
- UBS facility: repurchase date extended to Nov 2024; total Notes unchanged at $150M.
- Both facilities switch from 3-month LIBOR to SOFR; UBS spread settles at 3.20% after Nov 2023.

## SEC filing metadata
- accession: 0001104659-23-071481
- form_type: 8-K
- ticker: CION
- cik: 0001534254
- company_name: CION Investment Corp
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534254/000110465923071481/0001104659-23-071481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534254/000110465923071481/tm2318630d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-071481
- JSON: https://secwatch.observer/filing/0001104659-23-071481.json
- Plain text: https://secwatch.observer/filing/0001104659-23-071481.txt

## Key facts
- Debt Financings
  CION Investment Corp amended debt with UBS AG at three-month SOFR, plus a spread of (a) to (but excluding) November 19, 2023, 3.3 maturing November 19, 2024.
  - Counterparty: UBS AG
  - Rate: three-month SOFR, plus a spread of (a) to (but excluding) November 19, 2023, 3.3
  - Maturity: November 19, 2024
  - Event: amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534254/000110465923071481/0001104659-23-071481-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.