CION Investment Corp.'s special-purpose financing subsidiary, Flatiron Funding II LLC, has secured a senior secured facility that provides for a revolving credit facility in an aggregate principal amount of $325 million.

Flatiron Funding II entered into the credit facility with CION Investment Management LLC as collateral manager; CION Investment; Citibank NA as lender and administrative agent; and U.S. Bank NA as custodian, collateral agent and collateral administrator.

On March 29, Flatiron Funding II borrowed about $231.7 million under the credit facility.