As Of               Filer                 Filing    For·On·As Docs:Size

 9/27/22  AMERCO                            8-K:8,9     9/27/22   15:2.4M

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     39K 
 2: EX-4.1      Ex 4.1 46th Indenture                               HTML    168K 
 3: EX-5.1      Opinion of Counsel re: Legality                     HTML     10K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML      6K 
10: R1          Document and Entity Information                     HTML     47K 
13: XML         IDEA XML File -- Filing Summary                      XML     13K 
11: XML         XBRL Instance -- uhal-20220927_htm                   XML     13K 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 6: EX-101.CAL  XBRL Calculations -- uhal-20220719_cal               XML    248K 
 7: EX-101.DEF  XBRL Definitions -- uhal-20220719_def                XML    742K 
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 9: EX-101.PRE  XBRL Presentations -- uhal-20220719_pre              XML   1.15M 
 5: EX-101.SCH  XBRL Schema -- uhal-20220719                         XSD    230K 
14: JSON        XBRL Instance as JSON Data -- MetaLinks              250±   379K 
15: ZIP         XBRL Zipped Folder -- 0000004457-22-000096-xbrl      Zip    167K 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

 i September 27, 2022

 

 

 i AMERCO

 

 i Nevada                                                     i 001-11255                                           i 88-0106815

 

 i 5555 Kietzke Lane ,  i Ste. 100

 i Reno ,  i NV  i 89511

 

 i 775  i 668-6300

 

  Securities registered pursuant to Section 12(b) of the Act:

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule   12b-2   of the Securities Exchange Act of 1934 (§240.12b-2   of this chapter).

Emerging growth company      i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section   13(a) of the Exchange Act.     ☐

 

 

Item   8.01Other Events

 

Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L

 

On September 27, 2022, the Company and the Trustee entered the Forty-Sixth Supplemental Indenture to the Base Indenture (the “Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Forty-Sixth Supplemental Indenture”) and a Pledge and Security Agreement (the “Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Security Agreement”).   In connection with the foregoing, the Company has offered up to $2,711,100 in aggregate principal amount of UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Secured Notes (the “Series of UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Notes”) in a public offering.   Investors in the Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Notes must first join the U-Haul Investors Club. The Company intends to use the proceeds to reimburse its subsidiaries and affiliates for the cost of acquisition and development of the collateral pledged in such offering (the “Collateral”) and for general corporate purposes.   

 

The Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Notes bear interest at rates between 3.70% and 4.30% per year and mature between two years through seven years from issue date and are fully amortizing over their respective terms. Principal and interest on the Notes will be credited to each holder’s U-Haul Investors Club account on a quarterly basis in arrears throughout the term. The Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Forty-Sixth Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Security Agreement contain covenants requiring the maintenance of a first-priority lien on the Collateral subject to permitted liens, and a prohibition of additional liens on the Collateral.   The Notes are not guaranteed by any subsidiary of the Company, and therefore are effectively subordinated to all of the existing and future claims of creditors of each of the Company’s subsidiaries.

 

The Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Notes were offered and will be sold pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-235872) under the Securities Act of 1933, as amended.   The Company has filed with the Securities and Exchange Commission a prospectus supplement, dated September 27, 2022, together with the accompanying prospectus, dated January 10, 2020, relating to the offering and sale of the Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Notes.  

 

For a complete description of the terms and conditions of the Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Forty-Sixth Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Security Agreement, please refer to the Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Forty-Sixth Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Security Agreement, each of which is incorporated herein by reference and attached to this Current Report on Form 8-K as Exhibit 4.1.

 

A copy of the opinion and consent of Laurence J. De Respino, Secretary of the Company, as to the validity of the Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Notes is incorporated by reference into the Registration Statement on Form S-3 (File No. 333-235872) and filed as Exhibit 5.1 hereto.

Item 9.01.Financial Statements and Exhibits.

 

(d)Exhibits.  

 

Exhibit No.	Description
4.1	Series 12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Forty-Sixth Supplemental Indenture and Pledge and Security Agreement dated September 27, 2022, by and between AMERCO and U.S. Bank Trust Company, National Association as successor in interest to U.S. Bank National Association, as trustee.
5.1	Opinion of Laurence J. De Respino, Secretary of AMERCO.
23.1	Consent of Laurence J. De Respino, Secretary of AMERCO (included in Exhibit 5.1).
104	Cover Page Interactive Data File (embedded within the Inline XBRL documents)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AMERCO

(Registrant)

 

/s/ Jason A. Berg

 

Jason A. Berg

Chief Financial Officer

 

Date: September 27, 2022

 

EXHIBIT INDEX

 

Exhibit No.	Description
4.1	Series UIC-12L, 13L, 14L, 15L, 16L, 17L, 18L, 19L, 20L and 21L Forty-Sixth Supplemental Indenture and Pledge and Security Agreement dated September 27, 2022, by and between AMERCO and U.S. Bank Trust Company, National Association as successor in interest to U.S. Bank National Association, as trustee.
5.1	Opinion of Laurence J. De Respino, Secretary of AMERCO.
23.1	Consent of Laurence J. De Respino, Secretary of AMERCO (included in Exhibit 5.1).
104	Cover Page Interactive Data File (embedded within the Inline XBRL documents)

 

 

 

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/09/22  U-Haul Holding Co./NV             10-Q        9/30/22   63:9.9M