CION Investment Corp. Files 8-K

TL;DR

CION filed an 8-K on Oct 3rd - looks like a material agreement was signed.

AI Summary

On October 3, 2024, CION Investment Corp. entered into a material definitive agreement. The filing does not provide specific details on the agreement or any associated dollar amounts or parties involved.

Why It Matters

This filing indicates a significant event for CION Investment Corp., likely involving a new contract or partnership, which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications, but lacks specific details to fully assess the risk.

Key Players & Entities

• CION Investment Corp. (company) — Registrant
• October 3, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share CION The New York Stock E
• $172.5 million — s to CION's issuance, offer and sale of $172.5 million in aggregate principal amount of its 7.
• $25 — ption thereof, at a redemption price of $25 per Note plus accrued and unpaid intere

Filing Documents

• tm2425461d1_8k.htm (8-K) — 33KB
• tm2425461d1_ex4-1.htm (EX-4.1) — 541KB
• tm2425461d1_ex4-2.htm (EX-4.2) — 74KB
• tm2425461d1_ex5-1.htm (EX-5.1) — 23KB
• tm2425461d1_ex5-1img001.jpg (GRAPHIC) — 8KB
• 0001104659-24-105934.txt ( ) — 987KB
• cion-20241003.xsd (EX-101.SCH) — 3KB
• cion-20241003_lab.xml (EX-101.LAB) — 33KB
• cion-20241003_pre.xml (EX-101.PRE) — 22KB
• tm2425461d1_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 3, 2024, in connection with a previously announced public offering, CION Investment Corporation ("CION") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), entered into an Indenture (the "Base Indenture") and a First Supplemental Indenture (the "First Supplemental Indenture" and, together with the Base Indenture, the "Indenture"). The First Supplemental Indenture relates to CION's issuance, offer and sale of $172.5 million in aggregate principal amount of its 7.50% Notes due 2029 (the "Notes"). The Notes will mature on December 30, 2029, unless previously redeemed or repurchased in accordance with their terms. The interest rate of the Notes is 7.50% per year and will be paid quarterly in arrears on March 30, June 30, September 30 and December 30 of each year, commencing December 30, 2024. The Notes are CION's direct unsecured obligations and rank pari passu with CION's existing and future unsecured, unsubordinated indebtedness; senior to any series of preferred stock that CION may issue in the future; senior to any of CION's future indebtedness that expressly provides it is subordinated to the Notes; effectively subordinated to all of CION's existing and future secured indebtedness (including indebtedness that is initially unsecured to which CION subsequently grants security), to the extent of the value of the assets securing such indebtedness; and structurally subordinated to all existing and future indebtedness and other obligations of any of CION's existing or future subsidiaries. The Notes may be redeemed in whole or in part at any time or from time to time at CION's option on or after December 30, 2026, upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price of $25 per Note plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period a

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Number Exhibit 4.1 Indenture, dated as of October 3, 2024, between the Registrant and U.S. Bank Trust Company, National Association. 4.2 First Supplemental Indenture, dated as of October 3, 2024, between the Registrant and U.S. Bank Trust Company, National Association. 4.3 Form of Global Note (included in Exhibit 4.2). 5.1 Opinion of Dechert LLP. 23.1 Consent of Dechert LLP (included in Exhibit 5.1 hereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 3, 2024 CION INVESTMENT CORPORATION By: /s/ Michael A. Reisner Michael A. Reisner Co-Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR