Cion Investment Corp (CION)

CION Investment Corporation is a business development company listed on the NYSE under the ticker CION. The company focuses on investments in middle-market businesses, with an emphasis on senior secured lending such as unitranche, first lien, second lien, subordinated, and mezzanine loans. Its portfolio approach may also include corporate bonds, other debt securities, and minority equity interests, including warrants, options, and preferred or common equity, often alongside debt investments or co-investments with financial sponsors. CION targets uses such as growth capital, acquisitions, leveraged buyouts, refinancing, recapitalizations, and product or market expansion. The firm primarily invests in U.S. companies, generally in the $5 million to $50 million investment range, and seeks businesses with EBITDA between $25 million and $75 million. It may also allocate a portion of assets to other opportunities, including securities of larger public companies, foreign securities, and secondary loan market investments.

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