debt
confidence high
sentiment neutral
materiality 0.35
U-Haul Holding Company offers up to $8.375M in secured notes at 4.70%-5.00%
U-Haul Holding Co /NV/
- Up to $8,375,000 aggregate principal amount of Series UIC-01M to 20M Secured Notes offered.
- Interest rates 4.70%-5.00% per year; maturities 2-8 years; fully amortizing with quarterly payments.
- Proceeds to reimburse subsidiaries for acquisition/development of collateral and for general corporate purposes.
- Notes offered through U-Haul Investors Club; not guaranteed by subsidiaries, effectively subordinated to subsidiary creditors.
- Covenants require first-priority lien on collateral and prohibition of additional liens on collateral.