Financing ·
CION repays $114.8M of notes and terminates credit facility, reducing pro-forma net leverage to 1.35x
CICBCION Investment Corp
CION Investment Corporation repaid in full $114.8 million of its public Israel Series A Unsecured Notes due 2026 on August 31, 2026, and terminated its senior secured credit facility with JPMorgan Chase by repaying approximately $200 million in outstanding advances on September 25, 2026. Additionally, the company closed a strategic joint venture transaction formed with institutional investors to invest primarily in senior secured first lien loans to U.S. middle-market companies. The joint venture was capitalized with $125 million in senior secured notes and $59.7 million in membership interests, using combined proceeds to acquire a portfolio of 20 first lien loans with an aggregate par value of approximately $180.3 million at fair market value. These actions reduced the company's pro-forma estimated net leverage to approximately 1.35x as of June 30, 2026. CION Investment Corporation is a publicly listed business development company that generates income by focusing primarily on senior secured loans to U.S. middle-market companies.