{"schema_version":"secwatch.filing_event.v1","accession":"0000927066-23-000096","form_type":"8-K","ticker":"DVA","cik":"0000927066","company_name":"DAVITA INC.","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.897816+00:00","generated_at":"2026-06-16T05:58:07.096662+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"DaVita refinances with $1.25B term loan and $1.5B revolver, extending maturities to 2028","bullets":["New $1.25B secured term loan A facility (New A-1) and $1.5B secured revolver replace existing $1.75B term loan and $1B revolver maturing Aug 2024.","Borrowings bear interest at Term SOFR + 200 bps (initially) for SOFR loans; Base Rate + 100 bps; commitment fee 0.30% on undrawn revolver.","Term loan amortizes at 2.5% p.a. in year 1, 5% in years 2-4, 7.5% in year 5; balance due at maturity.","Proceeds used to repay prior facilities, pay fees/expenses, and for working capital/general corporate purposes including repurchases and acquisitions.","Amendment includes provisions for ESG-linked KPIs that could adjust margins/commitment fees in the future."],"urls":{"canonical":"https://secwatch.observer/filing/0000927066-23-000096","json":"https://secwatch.observer/filing/0000927066-23-000096.json","markdown":"https://secwatch.observer/filing/0000927066-23-000096.md","text":"https://secwatch.observer/filing/0000927066-23-000096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/927066/000092706623000096/0000927066-23-000096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/927066/000092706623000096/dva-20230428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:58:07.096662+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2cb8576cce05ade8194424aa81f81aa7266f7036","claim":"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.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/927066/000092706623000096/0000927066-23-000096-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $1.5 billion"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR, plus the Applicable Margin and plus the Term SOFR Adjustment"},{"label":"Maturity","value":"five years from the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f11acc9eebcf831b854e9a9060d5b4839a620c2b","claim":"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.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/927066/000092706623000096/0000927066-23-000096-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $1.25 billion"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR, plus the Applicable Margin and plus the Term SOFR Adjustment"},{"label":"Maturity","value":"five years from the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"38fffe7e9ca52902bc2081445d0fd7da56571b13","claim":"DAVITA INC. entered into Third Amendment with Wells Fargo Bank, National Association valued at up to $1.25 billion (effective 2023-04-28).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/927066/000092706623000096/0000927066-23-000096-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"up to $1.25 billion"},{"label":"Effective","value":"2023-04-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}