• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form FWP filed by CION Investment Corporation

    9/26/24 6:57:13 PM ET
    $CION
    Finance/Investors Services
    Finance
    Get the next $CION alert in real time by email
    FWP 1 tm2425074d1_fwp.htm FWP

     

    Filed Pursuant to Rule 433

    Issuer Free Writing Prospectus dated September 26, 2024

    Relating to Preliminary Prospectus Supplement dated September 26, 2024 and

    Prospectus dated June 18, 2024

    Registration No. 333-278658

     

    CĪON Investment Corporation
    $150,000,000

    7.50% Notes Due 2029

    Pricing Term Sheet 
    September 26, 2024

     

    The following sets forth the final terms of the 7.50% Notes due 2029 (the “Notes”) being offered pursuant to the preliminary prospectus supplement dated September 26, 2024, together with the accompanying prospectus dated June 18, 2024 (the “Preliminary Prospectus”). This pricing term sheet should be read together with the Preliminary Prospectus and supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus. All references to dollar amounts are references to U.S. dollars.

     

    Issuer: CĪON Investment Corporation (the “Company”)
    Title of the Securities: 7.50% Notes due 2029
    Rating:* BBB (Egan-Jones) and BBB (low) (Morningstar)
    Initial Aggregate Principal Amount Being Offered: $150,000,000 aggregate principal amount
    Over-Allotment Option: Up to $22,500,000 aggregate principal amount of Notes on or before October 26, 2024 solely to cover over-allotments, if any
    Price to the Public (Issue Price): $25.00 per Note
    Principal Payable at Maturity: 100% of the aggregate principal amount
    Type of Note: Unsecured fixed rate notes
    Listing: The Company intends to list the Notes on the NYSE within 30 days of the original issue date under the trading symbol “CICB”
    Stated Maturity Date: December 30, 2029
    Interest Rate: 7.50%
    Underwriting Discount: 3.00% (or $4,500,000 total assuming the over-allotment option is not exercised)
    Net Proceeds to the Issuer, before Expenses: 97.00% (or $145,500,000 total assuming the over-allotment option is not exercised)
    Day Count Basis: 360-day year of twelve 30-day months
    Trade Date: September 26, 2024
    Settlement Date:** October 3, 2024 (T+5)
    Date Interest Starts Accruing: October 3, 2024
    Interest Payment Dates: Every March 30, June 30, September 30 and December 30 commencing December 30, 2024.  If an interest payment date falls on a non-business day, the applicable interest payment will be made on the next business day and no additional interest will accrue as a result of such delayed payment
    Interest Periods: The initial interest period will be the period from and including October 3, 2024, to, but excluding, December 30, 2024, and the subsequent interest periods will be the periods from and including an interest payment date to, but excluding, the next interest payment date or the stated maturity date, as the case may be
    Specified Currency: U.S. Dollars
    Denominations: The Company will issue the Notes in denominations of $25 and integral multiples of $25 in excess thereof

     

     

     

    Business Day: Each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in New York City or the place of payment are authorized or required by law or executive order to close
    Optional Redemption: The Notes may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 30, 2026, upon not less than 30 days’ nor more than 60 days’ written notice by mail prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount of the Notes plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to but not including the date fixed for redemption
    CUSIP/ISIN 17259U 303 / US17259U3032
    Joint Book-Running Managers:

    Keefe, Bruyette & Woods, Inc., a Stifel Company

    B. Riley Securities, Inc.

    Janney Montgomery Scott LLC

    Oppenheimer & Co. Inc.

    Trustee, Paying Agent and Security Registrar: U.S. Bank Trust Company, National Association

    * A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

     

    ** Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes any date prior to one business day before delivery thereof will be required, by virtue of the fact that the Notes initially will settle T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes should consult their own advisor prior to the closing.

     

    This pricing term sheet and the Preliminary Prospectus are not offers to sell or the solicitation of offers to buy, nor will there be any sale of the Notes referred to in this pricing term sheet, in any jurisdiction where such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

     

    Investors are advised to carefully consider the investment objectives, risks, charges and expenses of CION Investment Corporation before investing. The Preliminary Prospectus, which has been filed with the Securities and Exchange Commission (the “SEC”), contains this and other information about CION Investment Corporation and should be read carefully before investing.

     

    The Preliminary Prospectus and this pricing term sheet are not offers to sell any securities of CION Investment Corporation and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted.

     

    CĪON Investment Corporation has filed a shelf registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the Preliminary Prospectus and other documents CĪON Investment Corporation has filed with the SEC for more complete information about CĪON Investment Corporation and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, CĪON Investment Corporation, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019 (telephone number 1-800-966-1559).

     

    2

     

    Get the next $CION alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $CION

    DatePrice TargetRatingAnalyst
    3/17/2025$11.00 → $10.00Equal Weight → Underweight
    Wells Fargo
    6/20/2023$11.50Market Perform
    Hovde Group
    4/18/2023$10.50 → $9.25Overweight → Equal Weight
    Wells Fargo
    7/25/2022$11.50 → $9.50Equal Weight → Overweight
    Wells Fargo
    11/1/2021$12.50Equal-Weight
    Wells Fargo
    More analyst ratings

    $CION
    SEC Filings

    See more
    • CION Investment Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - CION Investment Corp (0001534254) (Filer)

      10/8/24 8:30:30 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - CION Investment Corp (0001534254) (Filer)

      10/4/24 4:30:28 PM ET
      $CION
      Finance/Investors Services
      Finance
    • SEC Form CERT filed by CION Investment Corporation

      CERT - CION Investment Corp (0001534254) (Filer)

      10/4/24 8:28:57 AM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Co-Chairman & Co-CEO Reisner Michael A bought $4,932 worth of shares (400 units at $12.33), increasing direct ownership by 0.91% to 44,560 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/27/24 12:30:09 PM ET
      $CION
      Finance/Investors Services
      Finance
    • CCO & Secretary Roman Stephen bought $5,481 worth of shares (450 units at $12.18), increasing direct ownership by 5% to 10,278 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/21/24 3:49:40 PM ET
      $CION
      Finance/Investors Services
      Finance
    • President & CIO Bresner Gregg A. bought $42,250 worth of shares (3,500 units at $12.07), increasing direct ownership by 5% to 57,599 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/16/24 12:48:44 PM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • CION Investment downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded CION Investment from Equal Weight to Underweight and set a new price target of $10.00 from $11.00 previously

      3/17/25 7:28:41 AM ET
      $CION
      Finance/Investors Services
      Finance
    • Hovde Group initiated coverage on CION Investment with a new price target

      Hovde Group initiated coverage of CION Investment with a rating of Market Perform and set a new price target of $11.50

      6/20/23 9:14:13 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded CION Investment from Overweight to Equal Weight and set a new price target of $9.25 from $10.50 previously

      4/18/23 8:14:19 AM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Co-Chairman & Co-CEO Reisner Michael A bought $4,932 worth of shares (400 units at $12.33), increasing direct ownership by 0.91% to 44,560 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/27/24 12:30:09 PM ET
      $CION
      Finance/Investors Services
      Finance
    • CCO & Secretary Roman Stephen bought $5,481 worth of shares (450 units at $12.18), increasing direct ownership by 5% to 10,278 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/21/24 3:49:40 PM ET
      $CION
      Finance/Investors Services
      Finance
    • President & CIO Bresner Gregg A. bought $42,250 worth of shares (3,500 units at $12.07), increasing direct ownership by 5% to 57,599 units (SEC Form 4)

      4 - CION Investment Corp (0001534254) (Issuer)

      8/16/24 12:48:44 PM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    Financials

    Live finance-specific insights

    See more
    • CION Investment Corporation Schedules 2025 Second Quarter Earnings Release and Conference Call

      Call Scheduled for 11:00 a.m. ET on Thursday, August 7, 2025 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the second quarter ended June 30, 2025 on Thursday, August 7, 2025, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at www

      7/1/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Reports First Quarter 2025 Financial Results

      Declares Second Quarter 2025 Base Distribution of $0.36 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 5, 2025, its co-chief executive officers declared a second quarter 2025 base distribution of $0.36 per share, payable on June 16, 2025 to shareholders of record as of June 2, 2025. FIRST QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended March 31, 2025 were $0.36 per share and $(0.80) per share, respectively; Net asset value per

      5/8/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Schedules 2025 First Quarter Earnings Release and Conference Call

      Call Scheduled for 11:00 a.m. ET on Thursday, May 8, 2025 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at www.cionbdc.c

      4/2/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • CION Investment Corporation Schedules 2025 Second Quarter Earnings Release and Conference Call

      Call Scheduled for 11:00 a.m. ET on Thursday, August 7, 2025 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the second quarter ended June 30, 2025 on Thursday, August 7, 2025, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at www

      7/1/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Reports First Quarter 2025 Financial Results

      Declares Second Quarter 2025 Base Distribution of $0.36 per Share CION Investment Corporation (NYSE:CION) ("CION" or the "Company") today reported financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. CION also announced that, on May 5, 2025, its co-chief executive officers declared a second quarter 2025 base distribution of $0.36 per share, payable on June 16, 2025 to shareholders of record as of June 2, 2025. FIRST QUARTER AND OTHER HIGHLIGHTS Net investment income and earnings per share for the quarter ended March 31, 2025 were $0.36 per share and $(0.80) per share, respectively; Net asset value per

      5/8/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • CION Investment Corporation Schedules 2025 First Quarter Earnings Release and Conference Call

      Call Scheduled for 11:00 a.m. ET on Thursday, May 8, 2025 CION Investment Corporation (NYSE:CION) ("CION") announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, prior to the opening of the financial markets. CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day. Participant Dial-in Numbers: Domestic (Toll-Free): 877-484-6065 International (Toll): +1 201-689-8846 All participants are asked to dial in approximately 10 minutes before start time. An accompanying slide presentation will be available in PDF format in the Investor Resources section of CION's website at www.cionbdc.c

      4/2/25 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance

    $CION
    Leadership Updates

    Live Leadership Updates

    See more
    • CION Investment Corporation Strengthens Leadership Team with the Appointment of Charlie Arestia as Managing Director and Head of Investor Relations

      CION Investment Corporation (NYSE:CION) ("CION"), a leading publicly listed business development company focused on the U.S. middle market, is pleased to announce the appointment of Charlie Arestia as Managing Director and Head of Investor Relations. In this key role, Mr. Arestia will play a pivotal part in fostering and expanding relationships with CION's valued investors. Mr. Arestia will be based in New York and will work closely with CION's senior management and help coordinate all aspects of CION's investor relations activities. Mr. Arestia brings a wealth of experience in investor relations as well as a deep understanding of specialty finance and business development companies, havi

      3/27/24 8:00:00 AM ET
      $CION
      Finance/Investors Services
      Finance
    • Invacare Corporation Appoints Aron I. Schwartz to Board of Directors

      Invacare Corporation (NYSE:IVC) today announced the appointment of Aron I. Schwartz, age 51, to its Board of Directors, effective March 21, 2022. Mr. Schwartz currently serves as Managing Partner of ACON Investments, a private equity firm based in Washington, D.C. Mr. Schwartz has a wide range of financial experience in managing and overseeing companies across multiple industries, including companies undergoing strategic transformation. Mr. Schwartz was unanimously appointed by the current members of the Board and will serve on the company's Audit Committee and its Nominating and Governance Committee. His appointment brings the number of Invacare directors to a total of nine, eight of whom

      3/21/22 4:15:00 PM ET
      $CION
      $IVC
      Finance/Investors Services
      Finance
      Industrial Specialties
      Health Care