DaVita Inc. Completes $1 Billion Private Offering of 6.750% Senior Notes Due 2033

Reuters
05-24
DaVita Inc. Completes $1 Billion Private Offering of 6.750% Senior Notes Due 2033

DaVita Inc. has successfully completed its previously announced private offering of $1.0 billion in aggregate principal amount of 6.750% Senior Notes due 2033. The notes offering was finalized on May 23, 2025. The company received approximately $986 million in net proceeds after accounting for the initial purchasers' discount and other estimated fees and expenses. DaVita intends to use these proceeds primarily to repay $830 million in outstanding revolving credit facility borrowings and to cover associated costs, fees, and expenses. The remaining funds will be allocated for general corporate purposes, which may include repurchasing capital stock, as well as for working capital and capital expenditures. The 2033 Notes mature on July 15, 2033, with interest payments due semi-annually on January 15 and July 15, beginning January 15, 2026. The notes and related subsidiary guarantees were offered to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S, and are not registered under the Securities Act of 1933.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DaVita Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001206774-25-000378), on May 23, 2025, and is solely responsible for the information contained therein.

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