DaVita Offers $400 Million in Notes

EL SEGUNDO, Calif. (AP) -- DaVita Inc., which operates kidney dialysis centers, said Friday it will offer $400 million in senior notes due in 2013 in a private offering.

The offering is an addition to a series of debt securities that include $500 million in senior notes issued in March 2005.

The company said it will use the proceeds to repay part of the term loan portion of its senior secured credit facilities.

DaVita shares fell 7 cents to $54.83 in midday trading on the New York Stock Exchange.