CION Investment closes $172.5M offering of 7.50% Notes due 2029

CION Investment Corp

Issued $172.5M aggregate principal amount of 7.50% Notes due December 30, 2029.
Interest paid quarterly at 7.50% per annum; first payment due December 30, 2024.
Notes are unsecured and rank pari passu with existing and future unsecured indebtedness.
Net proceeds to repay borrowings under JPMorgan senior secured credit facility.
Notes redeemable at CION's option on/after Dec 30, 2026 at $25 per Note plus accrued interest.

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