Cahill Represents Financing Sources in $4.5 Billion Refinancing of DaVita
Date: 10/20/10
Cahill represented BofA Merrill Lynch as syndication agent and JPMorgan as administrative agent and collateral agent in connection with a $3,000,000,000 credit facility comprised of a $1,000,000,000 Term A Loan, and $1,750,000,000 Term B Loan, a $100,000,000 Revolving Credit Facility and $150,000,000 Multicurrency Revolving Credit Facility for DaVita, Inc., a provider of dialysis services in the United States. The credit agreement will be guaranteed by substantially all of DaVita's domestic subsidiaries and secured by substantially all of its assets and the assets of such guarantor subsidiaries.Cahill represented the initial purchasers in the Rule 144A/Reg S offerings of $775,000,000 6 3/8% Senior Notes due 2018 and $775,000,000 6 3/8% Senior Notes due 2020 by DaVita, Inc. The net proceeds of the notes were used along with borrowings under the company's credit facility, to pay for their concurrent tender offer and related consent solicitation for all of the their outstanding Notes.