DaVita closes $1.0 billion 6.875% senior notes due 2032 and $1.1 billion term loan
DaVita completed a $1.0 billion private offering of 6.875% senior notes due 2032 on August 13, 2024, and entered into a credit agreement amendment adding a $1.1 billion incremental term loan maturing April 28, 2028. The company said net proceeds of about $2,080.7 million were used to repay roughly $950.0 million of Tranche B-1 term loans and $60.0 million of revolving loans, with $350.0 million more of revolving loans planned for repayment. The refinancing changes the company's debt mix and interest costs, but the filing does not state the effect on total debt.
- $1.0 billion of 6.875% senior notes due September 1, 2032, issued in a private offering completed August 13, 2024
- $1.1 billion incremental Term Loan A-1 facility maturing April 28, 2028, with quarterly amortization starting September 30, 2024
- Net proceeds of about $2,080.7 million used to repay roughly $950.0 million of 2026 term loans and $60.0 million of revolving loans
- Remaining proceeds planned for $350.0 million of revolving loan repayment and general corporate purposes, including possible share repurchases