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CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS
Contract Type
agreement
New YorkCommerce and ShoppingFinancial ServicesMobileLending And InvestmentsTransportationFinanceAngel InvestmentDescription
CION Investment Corporation announced the termination of its existing senior secured repurchase facility with UBS AG, London Branch, and simultaneously entered into a new three-year senior secured credit facility with UBS, totaling $125 million. The credit spread on the floating interest rate payable by CION on all advances was reduced, and all outstanding advances must be repaid by the final maturity date of February 13, 2028. CION incurred certain customary costs and expenses in connection with these transactions.