CION Investment Completes Debt Repayments, Forms Senior Loan Joint Venture
MT Newswires Live
Yesterday
CION Investment (CION) repaid its $114.8 million Series A notes and about $200 million of borrowings under its JPMorgan Chase (JPM) credit facility, the company said Tuesday.
CION also formed a joint venture with institutional investors focused on senior secured first-lien loans. The venture acquired 20 loans from CION with a fair value of about $180 million.
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