debt
confidence high
sentiment neutral
materiality 0.50
U-Haul Holding Company issues $500M senior notes in private placement
U-Haul Holding Co /NV/
- $500M aggregate fixed-rate senior unsecured notes: $100M each at 5.86% (2032), 5.91% (2033), 5.95% (2034), and $200M at 6.00% (2035).
- Weighted average interest rate 5.94%; notes issued at par, rank pari passu with other unsecured senior debt.
- Proceeds for general corporate purposes, including expansion of new locations per Assistant Treasurer Kevin Harte.
- Customary covenants and financial covenants apply (minimum fixed charge coverage, unencumbered property value, subsidiary leverage).