![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
DaVita Inc | NYSE:DVA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.07 | 0.79% | 137.02 | 138.88 | 136.44 | 136.90 | 107,906 | 16:15:38 |
DENVER, Feb. 24, 2021 /PRNewswire/ -- DaVita Inc. (NYSE: DVA) ("DaVita") announced today that it has commenced a private add-on offering of $750 million aggregate principal amount of its 4.625% senior notes due June 1, 2030 (the "notes"), subject to market and other conditions.
The notes will be issued as additional notes under an existing indenture, dated as of June 9, 2020, pursuant to which DaVita previously issued $1.75 billion aggregate principal amount of its 4.625% senior notes due 2030 (the "existing notes"). Other than the issue date, the offering price and first interest payment date, the notes will have the same terms as the existing notes, and the notes and the existing notes will be treated as a single series for all purposes under the indenture. The notes will have the same CUSIP numbers as, and will trade interchangeably with, the existing notes (except that the notes issued pursuant to Regulation S ("Regulation S") under the Securities Act of 1933, as amended (the "Securities Act"), will trade separately under a different CUSIP number until 40 days after the issue date of the notes, but thereafter the notes issued pursuant to Regulation S will be maintained under the same CUSIP number as the existing notes issued pursuant to Regulation S).
DaVita intends to use the net proceeds from the notes offering (i) to pay down outstanding borrowings under its revolving credit facility, (ii) to pay all fees and expenses related to this offering and (iii) for general corporate purposes, which may include, without limitation, repayment of other indebtedness and repurchases of its common stock. Accordingly, DaVita will have significant discretion over the use of any net proceeds from the add-on offering.
The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to certain non-U.S. persons in transactions outside the United States in compliance with Regulation S under the Securities Act. The offer and sale of the notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor will there be any sale of the notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.
About DaVita
DaVita (NYSE: DVA) is a health care provider focused on transforming care delivery to improve quality of life for patients globally. The company is one of the largest providers of kidney care services in the U.S. and has been a leader in clinical quality and innovation for over 20 years. Through DaVita Kidney Care, the company treats patients with chronic kidney failure and end stage renal disease. DaVita is committed to bold, patient-centric care models, implementing the latest technologies and moving toward integrated care offerings for all.
Forward-Looking Statements
This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA") and the federal securities laws. All statements in this release, other than statements of historical fact, are forward-looking statements and as such are intended to be covered by the safe harbor for "forward-looking statements" provided by the PSLRA. Without limiting the foregoing, statements including the words "expect," "intend," "will," "could," "plan," "anticipate," "believe," and similar expressions are intended to identify forward-looking statements. These forward looking statements include, but are not limited to, expectations regarding the proposed notes offering and the use of proceeds therefrom. Our actual results and other events could differ materially from any forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. These risks and uncertainties include, among other things:
The forward-looking statements should be considered in light of these risks and uncertainties. All forward-looking statements in this release are based solely on information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of changed circumstances, new information, future events or otherwise.
Contact:
Jim Gustafson
Investor Relations
DaVita Inc.
jim.gustafson@davita.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/davita-inc-announces-add-on-offering-of-750-million-senior-notes-301234527.html
SOURCE DaVita
Copyright 2021 PR Newswire
1 Year DaVita Chart |
1 Month DaVita Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions