secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001104659-23-071481
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923071481/0001104659-23-071481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923071481/tm2318630d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-071481

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