DaVita to get new credit facility, unsecured debt for refinancing

By Sara Rosenberg

New York, Sept. 21 - DaVita Inc. plans on getting a new secured credit facility and unsecured debt to fund a refinancing effort, according to a market source.

JPMorgan, Bank of America and Credit Suisse are the lead banks on the deal.

Specifically, funds from the new debt will be used to refinance the company's $1.8 billion of outstanding bank debt, $700 million of its 6 5/8% senior notes due 2013 and $850 million of its senior subordinated notes due 2015.

And, the company said in a news release that it intends to seek additional financing for general corporate purposes and other opportunities, including potential acquisitions, share repurchases and other growth investments.

DaVita is a Denver-based provider of dialysis services.

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