DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
Facility
CION first lien term loan
first lienheld today
Principal held
at least $36.0M
sum of BDC pieces, a lower bound
Fair value
$36.0M
100c on cost
Unfunded
n/a
pieces' unfunded commitments
Pricing
14.00%
modal across pieces
PIK
14.00%
paid in kind, the highest piece
Maturity
Dec 21, 2027
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Lenders
1 holding
0 exited · 0 named on a deal
On the tape
17 quarters
Dec 31, 2021 to Jun 30, 2026
Lender group
every BDC that holds or held a piece; each row is that lender's own figures
| Lender | Status | Principal | Fair value | Spread | Held |
|---|---|---|---|---|---|
| CION Investment Corp CION INVESTMENT MANAGEMENT, LLC | held · 3 pieces | $36.0M | $36.0M 100c | Dec 31, 2021 to Jun 30, 2026 |
Facility through time
pieces summed per quarter end across the BDCs holding it
| Quarter end | BDCs | Principal held | On cost | Spread | PIK | Maturity |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $36.0M | 100c | 14.00% | Dec 21, 2027 | |
| Mar 31, 2026 | 1 | $36.0M | 100c | 14.00% | Dec 21, 2027 | |
| Dec 31, 2025 | 1 | $108M | 100c | 14.00% | Dec 21, 2026 | |
| Sep 30, 2025 | 1 | $36.0M | 100c | 14.00% | Dec 21, 2026 | |
| Jun 30, 2025 | 1 | $36.0M | 100c | 14.00% | Dec 21, 2026 | |
| Mar 31, 2025 | 1 | $36.0M | 100c | 14.00% | Dec 21, 2026 | |
| Dec 31, 2024 | 1 | $36.0M | 200c | 14.00% | Dec 21, 2026 | |
| Sep 30, 2024 | 1 | $39.5M | 100c | 1100 bp | 14.00% | Jun 17, 2027 |
| Jun 30, 2024 | 1 | $39.5M | 100c | 900 bp | 14.00% | Jun 17, 2027 |
| Mar 31, 2024 | 1 | $61.3M | 100c | 900 bp | 14.00% | Jun 17, 2027 |
| Dec 31, 2023 | 1 | $61.3M | 197c | 850 bp | 14.00% | Jun 17, 2027 |
| Sep 30, 2023 | 1 | $56.5M | 100c | 900 bp | 14.00% | Jun 17, 2027 |
| Jun 30, 2023 | 1 | $57.6M | 100c | 1000 bp | 14.00% | Jun 17, 2027 |
| Mar 31, 2023 | 1 | $57.8M | 100c | 850 bp | 14.00% | Jun 17, 2027 |
| Dec 31, 2022 | 1 | $63.4M | 195c | 850 bp | 14.00% | Jun 17, 2027 |
| Sep 30, 2022 | 1 | $62.3M | 100c | Dec 21, 2026 | ||
| Dec 31, 2021 | 1 | $61.6M | 200c | Dec 21, 2026 |
What changed on this facility
position and facility grain, including routine
- Maturity approaching Dec 21, 2027CION term loan (first lien) matures 2027-12-21 (inside 24 months; $36.0M held by 1 BDC)
- Maturity approaching Dec 21, 2027CION term loan (first lien) matures 2027-12-21 (inside 18 months; $36.0M held by 1 BDC)
- Maturity extended (observed) Mar 31, 2026CION term loan: maturity moved from 2026-12-21 to 2027-12-21
- Spread changed (observed) Sep 30, 2024CION term loan: spread moved from 9.00% to 11.00%
- Spread changed (observed) Jun 30, 2024CION term loan: spread moved from 9.00% to 11.00%
- Spread changed (observed) Dec 31, 2023CION term loan: spread moved from 11.00% to 9.00%
- Spread changed (observed) Sep 30, 2023CION term loan: spread moved from 11.00% to 9.00%
- Spread changed (observed) Jun 30, 2023CION term loan: spread moved from 9.00% to 11.00%
- Spread changed (observed) Mar 31, 2023CION term loan: spread moved from 8.00% to 9.00%
- PIK interest appears Dec 31, 2022CION term loan: PIK interest of 14.00% appears (was cash pay)
- Maturity extended (observed) Dec 31, 2022CION term loan: maturity moved from 2026-12-21 to 2027-06-17
Other pieces of this borrower's structure
- second lien term loanexited Mar 31, 2024at least $6.8M
- unsecured or subordinated term loanexited Dec 31, 2025at least $5.0M
- $18.2M
- $0
- warrantsexited Dec 31, 2025$0
How this facility is known
- Grain
- CION x first lien term loanderivedborrower group x kind x lien; tranches with different maturities sit under it
- Size
- lower bound: sum of BDC piecesderived
- Status
- unknownsignalnon-accrual, default and restructuring are not on this tape and are never inferred from a mark
- Origin
- bdc tapereported