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DaVita calls remaining 7% convertibles
New York, Sept. 11 - DaVita Inc. said it will redeem its remaining 7% convertible subordinated notes due 2009 on Oct. 11.
The notes will be redeemed at a price of $1,042 per $1,000 principal amount plus accrued interest through Oct. 10.
Up to 5.00 p.m. ET on Oct. 10, holder can convert the notes into stock at a price of $32.81 per share. DaVita stock closed at $31.13 on Thursday.
The Torrance, Calif. dialysis services provider currently has $145 million of the notes outstanding following the redemption of $200 million on Aug. 15. All the notes affected by the previous call were redeemed for cash.
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