CION Investment Corporation Prices $125 Million in 7.50% Notes
The publicly listed business development company plans to list the high-yield notes on the NYSE following strong underwriter support.
February 05, 2026
CION Adds $125 Million to Its Balance Sheet Through Debt Offering
CION Investment Corporation has closed a $125 million debt raise through the issuance of 7.50% notes due in 2031. The offering was finalized on February 2, 2026, and positions the company to deploy additional capital while maintaining flexibility in its investment strategy.
The notes were priced at 97% of face value, with proceeds going to CION prior to transaction costs. Underwriters also received a 30-day option to purchase up to $18.75 million in additional notes to cover over-allotments. Keefe, Bruyette & Woods, Inc. led the underwriting group, joined by B. Riley Securities, Lucid Capital Markets, and Oppenheimer & Co.
The notes are expected to begin trading on the NYSE and will be cleared through DTC. U.S. Bank National Association will act as trustee under the governing indenture. The structure includes both a base indenture from 2024 and a supplemental indenture executed at closing.
CION operates as a business development company (BDC), focusing on middle-market lending. It’s externally managed by CION Investment Management, LLC, which is registered under the Investment Advisers Act. The offering was filed under an existing shelf registration, with the most recent prospectus supplement dated February 2.
CION intends to direct proceeds toward new investment opportunities and general corporate purposes. The company also reaffirmed its intent to maintain RIC status under Subchapter M of the Internal Revenue Code, which provides certain tax advantages.
There were no material legal or regulatory developments noted in connection with the transaction. The offering documents confirm that CION’s operations remain in good standing, with no changes to financial condition, internal controls, or compliance posture that would impact the issuance.
The underwriting agreement includes standard provisions related to indemnification, disclosure obligations, and regulatory filings. It also outlines CION’s commitment to listing the notes, maintaining a credit rating, and keeping its NYSE eligibility intact.
For institutional investors tracking the BDC space, the new issuance from CION adds a high-yield instrument to the mix—with the structure, oversight, and liquidity profile that match public markets standards.
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