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.
Key points
- $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
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.