DaVita refinances $3.5B in credit facilities; JPMorgan replaces Wells Fargo as agent

DAVITA INC.

Entered $2.0B secured term loan A facility (New A-2 Term Facility) and $1.5B secured revolving credit facility (New Revolving Facility).
New facilities refinance existing ~$1.95B term loan and $1.5B revolver both maturing April 2028.
Proceeds used to repay prior facilities, pay fees, and for working capital and general corporate purposes including stock repurchases and acquisitions.
JPMorgan Chase Bank appointed as administrative agent, collateral agent, and swingline lender, replacing Wells Fargo.
New A-2 Term Facility amortizes quarterly beginning March 2026 at 2.5% p.a. first two years then 5.0% p.a. thereafter.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DAVITA INC. amended Eighth Amendment with JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and swingline lender (effective 2025-11-24).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and swingline lender
Effective: 2025-11-24

Exact text from the filing

On November 24, 2025, DaVita Inc. (the “Company”) entered into an Eighth Amendment (the “Eighth Amendment”) to that certain Credit Agreement dated as of August 12, 2019

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DAVITA INC. filing history →

Source: SEC EDGAR

accession 0001206774-25-000750

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