CION Investment Corporation announced on September 29, 2026, that it has fully repaid its outstanding debt obligations and closed a strategic joint venture transaction. The company repaid in full the $114.8 million aggregate principal amount of its public Israel Series A Unsecured Notes due 2026, which were listed on the Tel Aviv Stock Exchange. This repayment was made at par plus accrued and unpaid interest on August 31, 2026.
Additionally, CION’s wholly-owned financing subsidiary, 34th Street Funding, LLC, fully repaid all outstanding advances under its senior secured credit facility with JPMorgan Chase Bank, National Association. The repayment of approximately $200 million in advances was completed on September 25, 2026, and all security interests on the assets of 34th Street Funding, LLC were released.
On September 17, 2026, CION closed a strategic joint venture with certain institutional investors to form Senior Loan Fund Partners, LLC. The joint venture was capitalized with $125 million in senior secured notes and $59.7 million in membership interests. The combined proceeds were used to acquire a portfolio of 20 senior secured first lien loans from CION at fair market value, with an aggregate par of approximately $180.3 million and an aggregate fair value of $180.0 million.
Following these transactions, the company’s pro-forma estimated net leverage as of June 30, 2026, decreased to approximately 1.35x. CION’s co-Chief Executive Officer, Michael A. Reisner, stated that the company was able to execute its de-leveraging plan within its target date of September 30, 2026.
