RTTNews | Aug 17, 2020 05:11AM EDT

05:11 Monday, August 17, 2020 (RTTNews.com) - DaVita Inc. (DVA) has commenced a modified "Dutch auction" tender offer for shares of its common stock for an aggregate purchase price of up to $1.0 billion at a price per share of not less than $77.00 and not more than $88.00. The tender offer will expire on September 14, 2020.

DaVita expects to finance the share purchases in the tender offer with cash on hand, and to the extent necessary, borrowings under its currently undrawn $1.0 billion revolving line of credit under its senior secured credit facilities.

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