CION Investment Corp. Enters New 3-Year $125M Loan Agreement With UBS

Provides Improved Economic Terms and More Constructive Operating Provisions

CION Investment Corporation (NYSE:CION) ("CION") announced today that it has terminated its existing senior secured repurchase facility with UBS AG, London Branch ("UBS") and simultaneously entered into a new senior secured credit facility with UBS.

Under the new $125 million senior secured credit facility, the credit spread on the floating interest rate payable by CION on all advances was reduced by 45 basis points, from the three-month Secured Overnight Financing Rate ("SOFR") plus a credit spread of 3.20% per year to SOFR plus a credit spread of 2.75% per year. All outstanding advances must be repaid by the final maturity date of February 13, 2028. CION incurred certain customary costs and expenses in connection with these transactions.