Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DAVITA INC. incurred revolving credit of up to $1.5 billion with Wells Fargo Bank, National Association at Term SOFR, plus the Applicable Margin and plus the Term SOFR Adjustment maturing five years from the closing date.
- Instrument
- revolving credit
- Principal
- up to $1.5 billion
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Term SOFR, plus the Applicable Margin and plus the Term SOFR Adjustment
- Maturity
- five years from the closing date
- Event
- incurrence
Exact text from the filing
The Third Amendment provides for (i) a new five-year secured term loan A facility in an aggregate principal amount of up to $1.25 billion (the "New A-1 Term Facility") to refinance amounts outstanding under the Company's prior $1.75 billion secured term loan A facility maturing in August 2024 (the "Prior Term A Facility") and (ii) a new five-year secured revolving credit facility in an aggregate principal amount of up to $1.5 billion (the "New Revolving Facility" and, together with the New A-1 Term Facility, the "New Facilities") to refinance amounts outstanding under the Company's prior $1.0 billion secured revolving credit facility maturing in August 2024 (the "Prior Revolving Facility").
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DAVITA INC. incurred term loan of up to $1.25 billion with Wells Fargo Bank, National Association at Term SOFR, plus the Applicable Margin and plus the Term SOFR Adjustment maturing five years from the closing date.
- Instrument
- term loan
- Principal
- up to $1.25 billion
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Term SOFR, plus the Applicable Margin and plus the Term SOFR Adjustment
- Maturity
- five years from the closing date
- Event
- incurrence
Exact text from the filing
The Third Amendment provides for (i) a new five-year secured term loan A facility in an aggregate principal amount of up to $1.25 billion (the "New A-1 Term Facility") to refinance amounts outstanding under the Company's prior $1.75 billion secured term loan A facility maturing in August 2024 (the "Prior Term A Facility") and (ii) a new five-year secured revolving credit facility in an aggregate principal amount of up to $1.5 billion (the "New Revolving Facility" and, together with the New A-1 Term Facility, the "New Facilities") to refinance amounts outstanding under the Company's prior $1.0 billion secured revolving credit facility maturing in August 2024 (the "Prior Revolving Facility").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DAVITA INC. entered into Third Amendment with Wells Fargo Bank, National Association valued at up to $1.25 billion (effective 2023-04-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- up to $1.25 billion
- Effective
- 2023-04-28
Exact text from the filing
On April 28, 2023, DaVita Inc. (the “Company”) entered into a Third Amendment (the “Third Amendment”) to that certain Credit Agreement dated as of August 12, 2019 (as previously amended, restated, supplemented, or otherwise modified prior to the date of the Third Amendment, the “Credit Agreement”), in each case, by and among the Company, its subsidiary guarantors, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, collateral agent and swingline lender (“Wells Fargo”).
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