By writer to www.healthleadersmedia.com
The Denver-based dialysis supplier has maintained its monetary steering for the remainder of the 12 months.
DaVita Inc. announced Tuesday morning that it has commenced with a $1.75 billion providing of senior notes due 2030.
The Denver-based dialysis supplier said that the web proceeds will probably be used to redeem “all $1.75 billion mixture principal quantity excellent of the 2024 notes,” together with charges and bills associated to the providing.
Earlier than the providing closes, DaVita will “ship a discover of conditional redemption to holders of its 5.125% senior notes due 2024 (the “2024 notes”) stating that your entire principal quantity excellent of such 2024 notes will probably be redeemed on July 15, 2020.”
DaVita launched its Q1 2020 earnings report final month, the place the corporate recorded consolidated revenues of $2.eight billion.
Moreover, the corporate has maintained its monetary steering for the remainder of the 12 months regardless of the continued coronavirus illness 2019 (COVID-19) outbreak.
Related: Year-end Revenues Plateau but Net Income Spikes for DaVita
DaVita is the newest healthcare firm to start with a debt providing above $1 billion.
In late March, Humana Inc. introduced that it priced its debt providing at $1.1 billion.
Related: Humana Prices Debt Offering at $1.1B, Makes Annual Stockholder Meeting Virtual
Jack O’Brien is the finance editor at HealthLeaders, a Simplify Compliance model.
Picture credit score: St. Joseph, Missouri / United States of America – March 26 2019: Davita Kidney Care in downtown St. Joseph. – Picture / Editorial credit score: APN Pictures / Shutterstock.com
