CION Investments: CION Investment Corporation Closes Offering of $125 Million Unsecured Notes Due in 2026
NEW YORK, NY / ACCESSWIRE / February 16, 2021 / On February 11, 2021, CION Investment Corporation ( CIC ), a CION Investments company, closed an offering of $125 million aggregate principal amount of 4.50% senior unsecured notes due in 2026 (the Notes ). CIC intends to use the net proceeds of the Notes to repay debt under its secured financing arrangements.
Keith Franz, CFO of CIC stated, We believe the strategic benefits of this Notes offering will serve to strengthen CIC s balance sheet, diversify CIC s capital structure and better position CIC to capitalize on opportunities in 2021. We are pleased to complete this offering and appreciate the strong interest received from institutional investors and the efforts of the Goldman Sachs team, said Michael A. Reisner, co-CEO of CIC.