DaVita to pay down outstanding borrowings under revolver

By Taylor Fox

New York, Feb. 24 – DaVita, Inc. plans to pay down outstanding borrowings under its revolving credit facility using proceeds from a private add-on offering of $750 million notes due 2030, according to a news release.

The company will also pay all fees and expenses related to the offering from the proceeds.

Any remaining proceeds will be used for general corporate purposes, which may include, without limitation, repayment of other debt and repurchases of the company’s common stock.

DaVita is a kidney care services provider, based in Denver.

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