15/11/2024 | Press release | Distributed by Public on 15/11/2024 17:01
Item 1.01. Entry Into a Material Definitive Agreement.
On November 13, 2024, Murray Hill Funding, LLC ("Murray Hill Funding"), a wholly-owned, special purpose financing subsidiary of CĪON Investment Corporation ("CION"), entered into (i) a Sixth Amended and Restated Master Confirmation (Class A-1 Notes) to the Global Master Repurchase Agreement (the "Sixth Amended Master Confirmation") with UBS AG ("UBS"), and (ii) a Second Amended and Restated Master Confirmation (Class A-R Notes) to the Global Master Repurchase Agreement (the "Second Amended Master Confirmation", and together with the Sixth Amended Master Confirmation, the "Confirmations") with UBS.
Under the Confirmations, the date that Murray Hill Funding will be required to repurchase the Class A-1 Notes and the Class A-R Notes previously sold to UBS under the UBS facility was extended from November 19, 2024 to January 15, 2025 as a bridge to the parties entering into a broader amendment to the UBS facility. No other material terms of the UBS facility were revised in connection with the Confirmations.
The foregoing description of the Confirmations as set forth in this Item 1.01 is a summary only and is qualified in all respects by the provisions of such agreements, copies of which are attached hereto as Exhibits 10.1 and 10.2 and are incorporated by reference herein.