DaVita Announces Offering Of $1B Senior Notes Due 2032
Portfolio Pulse from Benzinga Newsdesk
DaVita Inc. (NYSE:DVA) announced a private offering of $1 billion in senior notes due 2032. The proceeds will be used to repay portions of its Term Loan B-1 and revolving credit facility borrowings, cover related costs, and potentially for general corporate purposes.
August 08, 2024 | 1:20 pm
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DaVita Inc. is issuing $1 billion in senior notes due 2032 to repay portions of its existing debt and potentially for general corporate purposes.
The issuance of senior notes will help DaVita manage its debt more effectively by repaying portions of its existing loans. This could improve the company's financial stability and flexibility, which is generally positive for the stock.
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