Item 1.01.  Entry into a Material Definitive Agreement.
Issuance and Sale of Additional 4.625% Senior Notes due 2030
On February 26, 2021, DaVita Inc., a Delaware corporation (the "Company"),
completed the previously announced private add-on offering of $1.0 billion
aggregate principal amount of its 4.625% Senior Notes due 2030 (the "Additional
2030 Notes"). The Additional 2030 Notes were issued at an offering price of
101.750% of their face amount (plus accrued interest from December 1, 2020) and
mature on June 1, 2030. The first interest payment for the Additional 2030 Notes
will be made on June 1, 2021.
The Company received net proceeds from the Additional 2030 Notes offering, after
deducting the initial purchaser's discount and other estimated fees and
expenses, of approximately $1.0 billion. The Company intends to use the net
proceeds from the Additional 2030 Notes offering (i) to pay down all $550
million of outstanding borrowings under its revolving credit facility, (ii) to
pay all fees and expenses related to the Additional 2030 Notes offering and
(iii) for general corporate purposes, which may include, without limitation,
repayment of other indebtedness and repurchases of its common stock.
Accordingly, the Company will have significant discretion over the use of any
net proceeds from the Additional 2030 Notes offering.
The terms of the Additional 2030 Notes, other than their issue date, public
offering price and first interest payment date, will be identical to the terms
of the $1.75 billion principal amount of the Company's 4.625% Senior Notes due
June 1, 2030 previously issued by the Company on June 9, 2020 (the "Existing
2030 Notes" and, together with the Additional 2030 Notes, the "2030 Notes")
under the indenture, dated as of June 9, 2020 (the "Indenture"), among the
Company, as issuer, certain subsidiaries of the Company, as guarantors
(collectively, the "Guarantors"), and The Bank of New York Mellon Trust Company,
N.A., as trustee (in such capacity, the "Trustee"). The Additional 2030 Notes
will have the same CUSIP number as the Existing 2030 Notes and will trade
interchangeably and be fungible for federal income tax purposes with the
Existing 2030 Notes (except that the Additional 2030 Notes issued pursuant to
Regulation S ("Regulation S") under the Securities Act of 1933, as amended (the
"Securities Act"), will trade separately under a different CUSIP number until 40
days after their February 26, 2021 issuance date, but as promptly as practicable
thereafter, the Company intends to cause the Additional 2030 Notes issued
pursuant to Regulation S to be consolidated with and share the same CUSIP number
as the Existing 2030 Notes issued pursuant to Regulation S).
For additional information regarding the terms of the 2030 Notes, see Item 1.01
of the Company's Current Report on Form 8-K filed with the Securities and
Exchange Commission on June 9, 2020, which is incorporated by reference herein.
The foregoing descriptions of the Indenture and the 2030 Notes do not purport to
be complete and are qualified in their entirety by reference to the actual
Indenture and form of 2030 Notes, copies of which are filed as Exhibits 4.1 and
4.2, respectively, to this Current Report on Form 8-K and are incorporated
herein by reference.
Item 2.03.  Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03. Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

Exhibit
Number             Description
  4.1              Indenture, dated as of June 9, 2020, by and among DaVita Inc., the subsidiary
                   guarantors party thereto and The Bank of New York Mellon Trust Company, N.A.,
                   as trustee (incorporated by reference to Exhibit 4.1 to DaVita Inc.'s Current
                   Report on Form 8-K filed on June 9, 2020).
  4.2              Form of 4.625% Senior Notes due 2030 (included as Exhibit A to the Indenture
                   incorporated by reference to Exhibit 4.1 to DaVita Inc.'s Current Report on
                   Form 8-K filed on June 9, 2020).
104.1              Cover Page Interactive Data File (embedded within the Inline XBRL document).

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