CION forms senior loan joint venture with institutional investors, sells $180 million first-lien portfolio into vehicle

PUBT · 2d ago
CION forms senior loan joint venture with institutional investors, sells $180 million first-lien portfolio into vehicle
  • CION entered a joint venture with institutional investors on Sept. 17, 2026 to invest in senior secured first lien U.S. middle-market loans.
  • Capitalized with USD 125 million senior secured notes sold to investors at 98.25% and USD 59.7 million equity interests.
  • CION holds 80% common interests; investors hold 20% preferred interests with an 11.5% cumulative dividend and distribution priority.
  • Joint venture bought 20 first lien loans from CION at fair value, USD 180.3 million par, USD 180 million fair value.
  • CION received about USD 132.3 million net proceeds to repay debt, with any remainder for general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CION Investment Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-108606), on September 17, 2026, and is solely responsible for the information contained therein.