secwatch.observer — SEC 8-K summary
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Issuer:     CION Investment Corp (CION)
CIK:        0001534254
Form:       8-K
Filed at:   2026-09-17T21:00:23+00:00
Accession:  0001104659-26-108606
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CION forms JV with investors, sells $180M loan portfolio for ~$132M net proceeds
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- JV capitalized with $125M notes (SOFR+4.75%, 7-yr) and $59.7M LLC interests; CION holds 80% common.
- JV acquired 20 first-lien loans from CION with $180.3M par at 99.8% of par; fair value $180.0M.
- Net proceeds to CION ~$132.3M; will repay outstanding debt and for general corporate purposes.
- Notes rated investment grade, carry 100% cash flow sweep after 2-yr investment period.
- Board has 4 managers (2 each from CION and investors); unanimous approval required for material decisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534254/000110465926108606/0001104659-26-108606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534254/000110465926108606/tm2625585d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-108606

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