DaVita Inc. announced the upsize and pricing of its previously announced private offering of senior notes. The aggregate principal amount of the 6.750% senior notes due 2033 was increased from $750 million to $1.00 billion.
The notes were priced at 100.000% of their face amount, yielding a 6.750% coupon. The offering is expected to close on May 23, 2025, subject to customary closing conditions.
DaVita intends to use the net proceeds from this offering to repay outstanding revolving credit facility borrowings and cover related costs. Any remaining proceeds will be allocated for general corporate purposes, including potential repurchases of capital stock, working capital, and capital expenditures.
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