CION Investment Corporation (CION)

US — Financial Services Sector
Peers: TCPC  GLAD  PNNT  HQL  GAIN  CCAP  ECC  CNCK  MCI 

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Key Metrics & Ratings

  • symbol CION
  • Rev/Share 3.6663
  • Book/Share 0.409
  • PB 24.5953
  • Debt/Equity 0.0
  • CurrentRatio 0.0
  • ROIC 77.6956

 

  • MktCap 520340261.0
  • FreeCF/Share 1.1867
  • PFCF 8.4215
  • PE 18.291
  • Debt/Assets 0.0
  • DivYield 0.1481
  • ROE 0.0486

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade CION Wells Fargo Equal Weight Underweight $11 $10 March 17, 2025

News

CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS
CION
Published: February 19, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--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 R.

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image for news CION Investment Corporation Enters Into a New Three-Year $125 Million Loan Agreement With UBS

About CION Investment Corporation (CION)

  • IPO Date 2021-10-05
  • Website https://www.cionbdc.com
  • Industry Asset Management
  • CEO Michael A. Reisner
  • Employees None
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. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.