DaVita (DVA) said Tuesday it priced a $1 billion private offering of 6.75% senior notes due 2033.
The amount of the notes was increased to $1 billion from $750 million, the company said, adding the notes were priced at 100% of their face amount to yield a 6.75% coupon.
The offering is expected to close Friday.
Net proceeds will be used to repay outstanding debt and related costs, and any remaining proceeds for general corporate purposes, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.