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CION Investment Corporation said it closed a strategic joint venture with institutional investors to form Senior Loan Fund Partners, LLC, capitalized with $125 million in senior secured notes and $59.7 million in membership interests. The vehicle will invest primarily in senior secured first lien loans and used proceed
CION said it repaid its $114.8 million Israel Series A notes and terminated its JPMorgan credit facility after repaying about $200 million of advances. It also closed a strategic joint venture that acquired a portfolio of senior secured first lien loans from the company.