DaVita has entered into a new $5.5 billion senior secured credit agreement with Wells Fargo Bank as administrative and collateral agent.
The new credit agreement consists of a five-year secured revolving loan facility in an aggregate amount of $1 billion, a five-year secured term loan A facility with a delayed draw feature in an aggregate amount of $1.75 billion and a seven-year secured term loan B facility in an aggregate amount of $2.75 billion.
A portion of the proceeds from borrowings made under the new credit agreement was used to repay all borrowings outstanding under the company’s prior credit agreement.
