CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029
CION Investment Corporation (CION)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--CION Investment Corporation (NYSE: CION) (the “Company” or “CION”) announced today that it has priced an underwritten public offering of $150.0 million aggregate principal amount of unsecured notes due 2029 (the “Notes”), which will result in net proceeds to the Company of approximately $145.4 million after the payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 30, 2029 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 30, 2026. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 7.50% per year, payable quarterly, with the first interest payment occurring on December 30, 2024. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $22.5 million aggregate principal amount of
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CION
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- CION Investment Co. (NYSE: CION) had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.50. They now have an "equal weight" rating on the stock.MarketBeat
CION
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- CION's page on the SEC website