CION Investment’s Flatiron unit increases revolver to $350 million

By Angela McDaniels

Tacoma, Wash., March 19 – Flatiron Funding II, LLC, a wholly owned special-purpose financing subsidiary of CION Investment Corp., increased its senior secured revolving credit facility to $350 million from $325 million and extended the maturity date to March 30, 2022, according to an 8-K filing with the Securities and Exchange Commission.

In addition, the reinvestment period was extended for two years until March 29, 2021.

The changes occurred under an amendment made March 14.

The amount available for borrowings is subject to compliance with a borrowing base.

Citibank, NA is the lender and administrative agent. U.S. Bank NA is the custodian, collateral agent and collateral administrator. CION Investment Management, LLC, CION’s investment adviser, is the collateral manager.

CION Investment is a New York-based middle-market loan fund.

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