CĪON Investment Corporation (NYSE:CION) announced today the extension of its repurchase agreement with UBS AG. On November 13, 2024, Murray Hill Funding, LLC, a special purpose financing subsidiary of CĪON, entered into a Sixth Amended and Restated Master Confirmation with UBS for Class A-1 Notes, and a Second Amended and Restated Master Confirmation for Class A-R Notes.
The agreement extends the repurchase date from November 19, 2024, to January 15, 2025, providing a bridge for both parties to enter into a broader amendment to the UBS facility. Notably, no other material terms of the UBS facility were altered as part of these confirmations.
Investors and stakeholders in CĪON Investment Corp will be keen to observe how the extended repurchase agreement and forthcoming amendments to the UBS facility will impact the company’s financial position in the upcoming quarters.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CION Investment’s 8K filing here.
About CION Investment
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.
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