debt
confidence high
sentiment neutral
materiality 0.60
DaVita closes $1.0B offering of 6.750% Senior Notes due 2033
DAVITA INC.
- Issued $1.0B aggregate principal of 6.750% senior notes maturing July 15, 2033.
- Net proceeds of ~$986M after discount and fees; will repay $830M of revolver borrowings.
- Interest payable semiannually on Jan 15 and Jul 15, starting Jan 15, 2026.
- Notes are unsecured, rank equally with existing senior debt; guaranteed by certain domestic subsidiaries.
- Redeemable at make-whole premium before Jul 15, 2028; thereafter at specified prices.
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