B. Riley Securities served as bookrunner on CION Investment’s underwritten public offering of $125 million aggregate principal amount of unsecured notes due 2031. CION has granted the underwriters a 30-day overallotment option to purchase up to an additional $18.75 million aggregate principal amount of notes.
Net proceeds from the offering will be used to pay down its senior secured credit facilities. The notes are expected to be listed on the New York Stock Exchange.
The B. Riley Securities team was led by Mike Cavanagh and Brian Taylor and included Alex Shaffer and Hayden Kickbush.
