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DaVita To Sell $1.45 Billion Of Notes To Fund Debt-Refinance Plan

DOW JONES NEWSWIRES DaVita Inc. (DVA) plans to sell $1.45 billion of notes to fund the potential repurchase of up to $1.55 billion of debt as the operator of dialysis centers joins a host of companies looking to retire near-term borrowings with longer-data, and hopefully cheaper, debt. The length of the notes to be sold wasn't disclosed in a statement. In the tender offer are $700 million of 6 5/8% notes maturing in 2013 and $850 million of 7 1/4% notes due 2015. The company is offering 1.9% and 3.9% above face value, respectively, including an early tender premium. Sale of the new notes is contingent on closing new credit lines. DaVita last week announced a $3.35 billion debt-refinancing plan that besides the $1.55 billion of notes includes $1.8 billion of borrowings under senior credit lines. DaVita has seen earnings grow in recent quarters amid increasing demand. Last month, uncertainty that had jostled its share price for months was lifted as effects of a shift in Medicare and Medicaid reimbursement were clarified. The company's commentary on the changes was cautiously upbeat, according to an analyst. Shares closed at $69.03 Thursday and didn't trade premarket. Thos stock has risen 18% this year. -By Jodi Xu, Dow Jones Newswires; 212-416-3037; jodi.xu@dowjones.com

Stock News for Davita (DVA)
DateTimeHeadline
04/17/201508:34:54Current Report Filing (8-k)
04/15/201517:21:17Current Report Filing (8-k)
04/15/201517:17:23Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
04/15/201506:24:00DaVita Kidney Care Receives ERE Recruiting Excellence Awards...
04/15/201506:03:28Current Report Filing (8-k)
04/14/201517:58:00DaVita HealthCare Partners Inc. Announces Upsizing and Pricing...
04/14/201517:06:31Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
04/14/201509:35:55Current Report Filing (8-k)
04/14/201509:21:27Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
04/14/201509:05:00DaVita HealthCare Partners Inc. Announces Offering of $1.25 Billion...
04/14/201509:05:00DaVita HealthCare Partners Inc. Commences Cash Tender Offer For...
04/14/201508:54:46Automatic Shelf Registration Statement of Securities of Well-known...
04/14/201508:37:29Current Report Filing (8-k)
04/14/201506:24:00DaVita HealthCare Partners Recognized as Top Workplace by The...
04/13/201508:30:00DaVita HealthCare Partners Inc. Schedules Capital Markets Day...
04/12/201500:31:46My Top Health Care Provider And Service Stocks For 2015
04/09/201500:08:12InsiderInsights.com Daily Round Up 4/8/15: SNTA, VNCE, AGCO...
04/08/201519:49:15Statement of Changes in Beneficial Ownership (4)
04/08/201506:09:39Current Report Filing (8-k)
03/30/201518:14:40Statement of Changes in Beneficial Ownership (4)

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