CION Investment Corporation Amends and Extends Its Senior Secured Credit Facility, Providing Improved Economic Terms and More Constructive Operating Provisions
Under the amendment, the credit spread on the floating interest rate payable on all borrowings was reduced from the three-month Secured Overnight Financing Rate (“SOFR”) plus a credit spread of 3.20% per year to SOFR plus a credit spread of 2.55% per year. Also under the amendment, the reinvestment period was extended from
CION incurred certain customary costs and expenses in connection with the amendment and will pay an annual administrative fee.
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The information in this press release is summary information only and should be read in conjunction with CION’s Current Report on Form 8-K, which CION filed with the
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