CION Investment Corporation Announces the Repayment of Certain Outstanding Debt and the Closing of a Strategic Joint Venture Transaction
CION repaid in full its $114.8 million public Israel Series A Notes and approximately $200 million of outstanding advances under its JPMorgan credit facility, terminating the facility entirely. The company also closed a strategic joint venture, Senior Loan Fund Partners, capitalized with $125 million of senior secured notes and $59.7 million of membership interests, which acquired a portfolio of 20 senior secured first lien loans at 99.8% of par.
Key figures
- Total assets
- 1800000000
- Loan portfolio par
- 180300000
- Series a notes repaid
- 114800000
- Pro forma net leverage
- 1.35x
- Jv membership interests
- 59700000
- Jv senior secured notes
- 125000000
- Loan portfolio fair value
- 180000000
- Jpm credit facility repaid
- 200000000
- Implied purchase price pct of par
- 99.8%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.