CION Amends $675M Credit Facility with JPMorgan; Spread Reduced, Maturity Extended

CION Investment Corp

Facility size $675M; maturity extended from May 2025 to June 2027.
Credit spread reduced from SOFR+3.20% to SOFR+2.55%, lowering interest cost.
Reinvestment period extended to June 2026 from July 2024, enhancing operational flexibility.
CFO Keith Franz says amendment 'helps reduce our overall cost of capital'.

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