debt
confidence high
sentiment neutral
materiality 0.25
AMERCO offers up to $2.71M in secured notes at 3.70%-4.30%, maturing 2-7 years
U-Haul Holding Co /NV/
- Offering aggregate principal of up to $2,711,100 across ten series (UIC-12L through 21L) of secured notes.
- Notes bear interest rates between 3.70% and 4.30% per year, maturing two to seven years from issue.
- Quarterly payments credited to holders' U-Haul Investors Club accounts; notes are fully amortizing.
- Proceeds to reimburse subsidiaries for collateral acquisition/development and for general corporate purposes.
- Notes secured by collateral but not guaranteed by subsidiaries; effectively subordinated to subsidiary claims.