Bank of New York and Donaldson, Lufkin & Jenrette Inc. have co-arranged an aggregate $1 billion of bank credit facilities for Total Renal Care Holdings Inc., the company announced.

The loans have gone to market and have received firm commitments for the entire sum. The loans, which replace Total Renal Care's $400 million line of credit, consist of a seven-year, $800 million revolving senior credit facility and a 10-year, $200 million senior term facility. The seven-year revolving credit is priced at 7.07%, the 10-year loan at 6.8%.

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