DVA · 10-Q · 2026Q2 · Full report

Debt Financing and Repayments

DAVITA INC. · 2026-08-04 · Importance 64 · Surprise 42 · No source text

During the six months ended June 30, 2026, DaVita incurred a $500 million incremental Term Loan B-2 tranche and drew $65 million on its revolving credit facility, while making approximately $36 million of scheduled principal payments and repurchasing 5.2 million shares. As of June 30, 2026, the company had $1.435 billion available under its $1.5 billion revolving line of credit, $65 million drawn, and approximately $188 million of letters of credit outstanding under a separate bilateral facility. Management expects operating cash flow, available credit facilities, and capital-markets access to fund scheduled debt service and other obligations for at least the next 12 months, while retaining the option to refinance existing debt or incur additional indebtedness depending on market conditions and financing availability.

Key facts

• On June 8, 2026 the Company entered into the Ninth Amendment to extend an additional incremental principal amount of $500,000 on Term Loan B-2 source
• Incurrence of an incremental Term Loan B-2 tranche in the aggregate principal amount of $500 million. source
• Total debt principal outstanding as of June 30, 2026: $10,847,516 source
• Long-term debt (net of current portion) as of June 30, 2026: $10,663,836 source
• 4.625% Senior Notes principal outstanding: $2,750,000 due 6/1/2030 source
• Term Loan A-2 outstanding principal as of June 30, 2026: $1,975,000 with interest rate SOFR + 1.50% and maturity 11/24/2030 source
• Term Loan B-2 outstanding principal as of June 30, 2026: $2,357,910 with interest rate SOFR + 1.75% and maturity 5/9/2031 source
• The same period in 2025 included the issuance of the 6.75% Senior Notes in the amount of $1,000 million. source

Impact estimates