CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029 [Yahoo! Finance]
CION Investment Corporation (CION)
Company Research
Source: Yahoo! Finance
NEW YORK, September 26, 2024 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 prin
Show less
Read more
Impact Snapshot
Event Time:
CION
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CION alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CION alerts
High impacting CION Investment Corporation news events
Weekly update
A roundup of the hottest topics
CION
News
- CION Investment Corporation Announces Pricing of Public Offering of Unsecured Notes Due 2029Business Wire
- CION Investment Corporation Announces the Issuance of Additional $100 Million Floating Rate Senior Unsecured Notes due 2027Business Wire
- CION Investments and GCM Grosvenor Form Strategic Partnership Focused on Developing Private Market Investment SolutionsBusiness Wire
- CION Investment Corporation: 2 Possible Outcomes From Interest Rate Cuts [Seeking Alpha]Seeking Alpha
- Dividend Cut Alert: Bad News For BDCs [Seeking Alpha]Seeking Alpha
CION
Sec Filings
- 9/27/24 - Form FWP
- 9/27/24 - Form 497AD
- 9/26/24 - Form 424B2
- CION's page on the SEC website