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.

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