CION Investment Corporation announced that it closed an offering of $100 million in aggregate principal amount of its Senior Unsecured Notes due 2027. The Notes will bear interest at a floating rate equal to the three-month Secured Overnight Financing Rate plus a credit spread of 4.75% per year and subject to a 2.00% SOFR floor, which will be paid quarterly commencing on February 15, 2024. The Notes will mature on November 8, 2027 and may be redeemed in whole or in part at CION?s option at par plus a make-whole premium, if applicable.

The Notes will be general, unsecured obligations and rank equal in right of payment with all of CION?s existing and future unsecured indebtedness. The Notes are rated investment grade.