CION Investment prices $125 million unsecured notes due 2031

CION Investment Corporation (NYSE: CION) announced it has priced an underwritten public offering of $125 million aggregate principal amount of unsecured notes due 2031, according to a company statement.

The notes will bear interest at 7.50% per year, payable quarterly, with the first interest payment scheduled for March 30, 2026. The notes mature on March 31, 2031 and may be redeemed in whole or part at the company's option on or after March 31, 2028.

CION expects to receive net proceeds of approximately $121.25 million after underwriting discounts and commissions, excluding estimated offering expenses. The company plans to use the proceeds to pay down borrowings under its senior secured credit facilities.

The notes will be issued in denominations of $25 and integral multiples of $25. CION has granted underwriters a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of notes to cover overallotments.

The offering is expected to close on February 9, 2026, subject to customary closing conditions. The company intends to list the notes on the New York Stock Exchange within 30 days of the original issue date.

The joint book-running managers for the offering are Keefe, Bruyette & Woods, Inc., B. Riley Securities, Inc., Lucid Capital Markets, LLC and Oppenheimer & Co. Inc.

CION Investment Corporation is a business development company that had approximately $1.9 billion in total assets as of September 30, 2025. The company focuses primarily on senior secured loans to U.S. middle-market companies.

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