secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001104659-23-116784
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CION issues $100M floating-rate senior unsecured notes due 2027 at investment grade
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- $100M aggregate principal, priced at 99.25%, net proceeds ~$99M.
- Floating rate = 3-month SOFR + 4.75% p.a., subject to 2.00% SOFR floor.
- Matures Nov 8, 2027; quarterly interest payments starting Feb 15, 2024.
- Proceeds to repay senior secured debt, make portfolio investments, and for working capital.
- Notes are investment grade, unsecured, rank pari passu with other unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923116784/0001104659-23-116784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465923116784/tm2330347d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-116784

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