Form 8-K
8-K — CION Investment Corp
Accession: 0001104659-26-108606
Filed: 2026-09-17
Period: 2026-09-17
CIK: 0001534254
Item: Other Events
Item: Financial Statements and Exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): September 17, 2026
CĪON
Investment Corporation
(Exact Name of Registrant as Specified in Charter)
Maryland
814-00941
45-3058280
(State
or Other Jurisdiction of Incorporation)
(Commission
File Number)
(I.R.S.
Employer Identification No.)
100 Park Avenue, 25th Floor
New York, New York 10017
(Address of Principal Executive Offices)
Registrant’s telephone number, including
area code: (212) 418-4700
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:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered
pursuant to Section 12(b) of the Act:
Title
of each class
Trading
symbol(s)
Name
of each exchange on which registered
Common stock, par value $0.001 per share
CION
The New York Stock Exchange
7.50% Notes due 2029
CICB
The New York Stock Exchange
7.50% Notes due 2031
CICC
The New York Stock Exchange
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 17, 2026,
CĪON Investment Corporation (“CION”) entered into an Amended and Restated Limited Liability Company Agreement (the “LLC
Agreement”) of Senior Loan Fund Partners, LLC (the “Joint Venture”), a newly formed Delaware limited liability company,
with certain institutional investors as members (the “Investors”). The Joint Venture is expected to invest primarily in senior
secured first lien loans to U.S. middle-market companies.
The Joint Venture was capitalized
with two investment tranches: (i) $125.0 million in senior secured notes (the “Notes”) issued by the Joint Venture solely
to certain Investors at a purchase price of 98.25% and (ii) $59.7 million in membership interests in the Joint Venture (the “LLC
Interests”), with CION holding 80.0% as common LLC Interests and certain Investors holding 20.0% as preferred LLC Interests. The
preferred LLC Interests carry an 11.50% cumulative annual dividend and a priority claim over distributions to common LLC Interests. The
combined proceeds were used by the Joint Venture to acquire a portfolio of senior secured first lien loans from CION 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. The net proceeds to CION were approximately $132.3 million, which CION will use
to repay a portion of its outstanding debt and the remainder, if any, for general corporate purposes.
The Notes will bear interest
at the three-month secured overnight financing rate (“SOFR”) plus 4.75% per year (subject to a 1.00% SOFR floor), carry a
seven-year final maturity and are rated investment grade. The Joint Venture will have a two-year investment period. The Notes include
a 100% cash flow sweep directing all excess cash after the investment period to repay principal on the Notes until repaid in full. During
the investment period, quarterly excess collections are applied to Note interest, expenses, preferred LLC Interest distributions, and
then board-approved reinvestment or distributions.
The business and affairs of
the Joint Venture are managed by a board of managers (the “Board”), which consists of four managers, with CION and the Investors
each designating two managers. All material decisions relating to the Joint Venture, including all investment, governance, and valuation
decisions, are vested in the Board. All Board actions require the unanimous approval of all Board members present, which must consist
of at least one board member appointed by each of CION and the Investors. CION Investment Management, LLC, CION’s investment adviser,
will serve as administrator for the Joint Venture providing administrative services including portfolio management, valuation, accounting,
reporting, and tax-related services.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
Description
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 17, 2026
CĪON INVESTMENT CORPORATION
By:
/s/ Michael A. Reisner
Michael A. Reisner
Co-Chief Executive Officer
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Entity Central Index Key
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Entity Tax Identification Number
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Entity Incorporation, State or Country Code
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Entity Address, Address Line One
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Entity Address, Address Line Two
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7.50% Notes due 2029 [Member]
Document Information [Line Items]
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7.50% Notes due 2031
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