secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001104659-24-106288
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CION Investment Corp. enters $30M unsecured term loan facility with Israeli lender
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- Aggregate principal $30M; net proceeds ~$29.4M after fees.
- Interest at 3-month SOFR + 3.80% p.a., subject to 4.0% SOFR floor.
- Matures September 30, 2027; prepayable with prepayment fee.
- Covenants include minimum shareholders' equity $543.6M and 150% asset coverage.
- Proceeds used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465924106288/0001104659-24-106288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465924106288/tm2424835d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-106288

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