debt
confidence high
sentiment neutral
materiality 0.35
U-Haul Holding Company offers up to $30.4M in secured notes at 5.00%-5.30%
U-Haul Holding Co /NV/
- Up to $30,383,400 aggregate principal amount of Series UIC-01N to 41N Secured Notes offered publicly.
- Notes bear interest between 5.00% and 5.30% per year; mature in 2 to 8 years, fully amortizing.
- Proceeds to reimburse subsidiaries for acquisition/development of collateral and for general corporate purposes.
- Notes secured by first-priority lien on specified collateral; no subsidiary guarantees; subordinated to subsidiary creditors.
- Investors must join U-Haul Investors Club; interest and principal paid quarterly.