DaVita has completed a private offering of $1 billion in 6.875% Senior Notes due 2032 and established a $1.1 billion incremental term loan A-1 facility. The company received total net proceeds of approximately $2.08 billion from both transactions. The proceeds will be used to repay existing debt, including $950 million in Tranche B-1 Term Loans and $410 million in revolving loans.The 2032 Notes, maturing on September 1, 2032, will pay interest semi-annually starting March 1, 2025. The notes are unsecured senior obligations, ranking equally with other senior indebtedness but subordinate to secured debt. The company may redeem the notes before September 1, 2027, at a make-whole premium, or after that date at specified redemption prices.The new term loan A-1 facility will mature on April 28, 2028, with interest rates based on either Base Rate or Term SOFR plus applicable margins. The loan will amortize quarterly starting September 30, 2024, at 5% per annum for the first three years and 7.5% in the fourth year, with the remaining balance due at maturity.

DaVita has completed a private offering of $1 billion in 6.875% Senior Notes due 2032 and established a $1.1 billion incremental term loan A-1 facility. The company received total net proceeds of approximately $2.08 billion from both transactions. The proceeds will be used to repay existing debt, including $950 million in Tranche B-1 Term Loans and $410 million in revolving loans.The 2032 Notes, maturing on September 1, 2032, will pay interest semi-annually starting March 1, 2025. The notes are unsecured senior obligations, ranking equally with other senior indebtedness but subordinate to secured debt. The company may redeem the notes before September 1, 2027, at a make-whole premium, or after that date at specified redemption prices.The new term loan A-1 facility will mature on April 28, 2028, with interest rates based on either Base Rate or Term SOFR plus applicable margins. The loan will amortize quarterly starting September 30, 2024, at 5% per annum for the first three years and 7.5% in the fourth year, with the remaining balance due at maturity.