secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001104659-24-081354
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465924081354/0001104659-24-081354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465924081354/tm2419777d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081354

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