CION Investment repays $114.8M in notes, $200M in advances
CION's pro forma estimated net leverage would have decreased to approximately 1.35x using June 30, 2026 figures.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
CION Investment Corp. (CICB) repaid in full the $114.8 million aggregate principal amount of its public Israel Series A Unsecured Notes due 2026 on August 31, 2026, at par plus accrued and unpaid interest. Its wholly owned financing subsidiary, 34th Street Funding, LLC, repaid approximately $200 million of outstanding advances under its JPMorgan Chase Bank credit facility on September 25, 2026, terminated the facility, and had all security interests on its assets released.
On September 17, 2026, CION closed a strategic joint venture with institutional investors, forming Senior Loan Fund Partners, LLC. The venture issued $125 million in senior secured notes and $59.7 million in membership interests, then used the combined proceeds to purchase 20 senior secured first lien loans from CION. The portfolio had approximately $180.3 million in aggregate par and $180.0 million in aggregate fair value, for an implied purchase price of 99.8% of par. After the transactions, CION’s pro forma estimated net leverage as of June 30, 2026 would have decreased to approximately 1.35x.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Major pointCION repaid $114.8 million in notes and approximately $200 million in credit-facility advances.
- Minor pointPro forma estimated net leverage would have decreased to approximately 1.35x.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
Key Figures
Key Terms
public Israel Series A Unsecured Notes financial
senior secured first lien loans financial
aggregate par financial
net leverage financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much debt did CION Investment Corp. (CICB) repay?
How was CION Investment Corp. (CICB)'s joint venture funded, and what did it buy?
How does CION Investment Corp. (CICB) define net leverage?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
(Exact Name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| (Address of Principal Executive Offices) |
Registrant’s telephone number, including
area code: (
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events.
On September 29, 2026, CĪON Investment Corporation (“CION”) issued a press release announcing its recent repayment in full of certain outstanding debt and the closing of a strategic joint venture transaction.
The information disclosed under this Item 8.01, including Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed” by CION for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Press Release dated September 29, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 29, 2026 | CĪON INVESTMENT CORPORATION | |
| By: | /s/ Michael A. Reisner | |
| Michael A. Reisner | ||
| Co-Chief Executive Officer | ||
Exhibit 99.1
CION INVESTMENT CORPORATION ANNOUNCES THE REPAYMENT OF CERTAIN OUTSTANDING DEBT AND THE CLOSING OF A STRATEGIC JOINT VENTURE TRANSACTION
CION Repays in Full its Public Israel Series A Notes and JPMorgan Credit Facility
Consistent with its Ongoing Deleveraging Strategy
NEW YORK, NY (September 29, 2026) – CION Investment Corporation (NYSE: CION) (“CION”) announced today that it has repaid in full the outstanding $114.8 million aggregate principal amount of its public Israel Series A Unsecured Notes due 2026 (the “Series A Notes”), which were listed on the Tel Aviv Stock Exchange, and that its wholly-owned financing subsidiary, 34th Street Funding, LLC, has repaid in full all outstanding advances under and terminated its senior secured credit facility with JPMorgan Chase Bank, National Association (the “JPM Credit Facility”).
The Series A Notes were repaid at par plus accrued and unpaid interest on August 31, 2026. The repayment of approximately $200 million of outstanding advances under the JPM Credit Facility was completed on September 25, 2026, and all security interests on the assets of 34th Street Funding, LLC were released.
Also, on September 17, 2026, the Company closed a strategic joint venture transaction with certain institutional investors pursuant to which the parties formed Senior Loan Fund Partners, LLC to invest primarily in senior secured first lien loans to U.S. middle-market companies. The joint venture was capitalized with $125 million in senior secured notes issued by the joint venture and $59.7 million in membership interests in the joint venture. The combined proceeds were used by the joint venture to acquire a portfolio of senior secured first lien loans from the Company at fair market value consisting of 20 first lien loans with an aggregate par of approximately $180.3 million and an aggregate fair value of $180.0 million, resulting in an implied purchase price of 99.8% of par.
After giving effect to these transactions, the Company’s pro-forma estimated net leverage (defined as total debt outstanding less cash and cash equivalents and short-term investments, divided by net assets) as of June 30, 2026 would have decreased to approximately 1.35x.
Michael A. Reisner, co-Chief Executive Officer of CION, commented “For the last few months, we have preserved and allocated cash to implement our de-leveraging plan that we presented to shareholders during our second quarter earnings conference call. We are pleased to inform shareholders that we were able to execute on our de-leveraging plan within our target date of September 30, 2026.”
ABOUT CION INVESTMENT CORPORATION
CION Investment Corporation is a leading publicly listed business development company that had approximately $1.8 billion in total assets as of June 30, 2026. CION seeks to generate current income and, to a lesser extent, capital appreciation for investors by focusing primarily on senior secured loans to U.S. middle-market companies. CION is advised by CION Investment Management, LLC, a registered investment adviser and an affiliate of CION. For more information, please visit www.cionbdc.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “target,” “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss CION’s plans, strategies, prospects and expectations concerning its business, operating results, financial condition and other similar matters. These statements represent CION’s belief regarding future events that, by their nature, are uncertain and outside of CION’s control. There are likely to be events in the future, however, that CION is not able to predict accurately or control. Any forward-looking statement made by CION in this press release speaks only as of the date on which it is made. Factors or events that could cause CION’s actual results to differ, possibly materially from its expectations, include, but are not limited to, the risks, uncertainties and other factors CION identifies in the sections entitled “Risk Factors” and “Forward-Looking Statements” in filings CION makes with the SEC, and it is not possible for CION to predict or identify all of them. CION undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
OTHER INFORMATION
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 related to the strategic joint venture, which CION filed with the SEC on September 17, 2026, as well as CION’s other reports filed with the SEC. A copy of CION’s Current Report on Form 8-K and CION’s other reports filed with the SEC can be found on CION’s website at www.cionbdc.com and the SEC’s website at www.sec.gov.
CONTACTS
Media and Investor Relations
general@cioninvestments.com
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