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Amerco/NV – ‘8-K’ for 4/13/21

On:  Tuesday, 4/13/21, at 9:39am ET   ·   For:  4/13/21   ·   Accession #:  4457-21-35   ·   File #:  1-11255

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

 4/13/21  Amerco/NV                         8-K:8,9     4/13/21   15:2.5M

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     32K 
 7: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    148K 
 8: EX-5.1      Opinion of Counsel re: Legality                     HTML     10K 
 9: EX-23.1     Consent of Expert or Counsel                        HTML      6K 
11: R1          Document and Entity Information                     HTML     48K 
13: XML         IDEA XML File -- Filing Summary                      XML     13K 
10: XML         XBRL Instance -- uicnotes20210413_htm                XML     13K 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 3: EX-101.CAL  XBRL Calculations -- uhal-20190822_cal               XML    239K 
 4: EX-101.DEF  XBRL Definitions -- uhal-20190822_def                XML    743K 
 5: EX-101.LAB  XBRL Labels -- uhal-20190822_lab                     XML   1.74M 
 6: EX-101.PRE  XBRL Presentations -- uhal-20190822_pre              XML   1.16M 
 2: EX-101.SCH  XBRL Schema -- uhal-20190822                         XSD    230K 
14: JSON        XBRL Instance as JSON Data -- MetaLinks              251±   353K 
15: ZIP         XBRL Zipped Folder -- 0000004457-21-000035-xbrl      Zip    121K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
 i 0000004457  i false 0000004457 2021-04-13 2021-04-13

 

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 April 13, 2021

 

Date of Report (Date of earliest event reported)

 

 i AMERCO

(Exact name of registrant as specified in its charter)

 

 i Nevada                                                     i 001-11255                                           i 88-0106815

(State or other jurisdiction of incorporation)

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 i 5555 Kietzke Lane ,  i Ste. 100

 i Reno ,  i NV  i 89511

(Address of Principal Executive Offices)

 

 i 775  i 668-6300

(Registrant's telephone number, including area code)

 

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

Title of each class

Trading Symbol

Name of each exchange on which registered

 i  Common Stock , $0.25 par value

 i UHAL

 i NASDAQ Global Select Market

 

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:

 

 i 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 

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-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K

 

On April 13, 2021, the Company and the Trustee entered the Forty-First Supplemental Indenture to the Base Indenture (the “Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Forty-First Supplemental Indenture) and a Pledge and Security Agreement (the “Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Security Agreement”).   In connection with the foregoing, the Company has offered up to $11,574,000 in aggregate principal amount of UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Secured Notes (the “Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Notes”) in a public offering.   Investors in the Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K 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-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Notes bear interest at rates between 1.75% and 4.75% per year and mature between two years through twelve years and fifteen 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-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Forty-First Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K 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-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K 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 April 13, 2021, together with the accompanying prospectus, dated January 10, 2020, relating to the offering and sale of the Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Notes.  

 

For a complete description of the terms and conditions of the Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Forty-First Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Security Agreement, please refer to the Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Forty-First Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K 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-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K 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 UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Forty-First Supplemental Indenture and Pledge and Security Agreement dated April 13, 2021, by and between AMERCO and 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).

 

 

 

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: April 13, 2021

 


 


 

EXHIBIT INDEX

 

Exhibit No.

Description

4.1

Series UIC-1K, 2K, 3K, 4K, 5K, 6K, 7K and 8K Forty-First Supplemental Indenture and Pledge and Security Agreement dated April 13, 2021, by and between AMERCO and 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).

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:4/13/21424B5,  8-K
1/10/20424B5,  8-K,  S-3ASR
 List all Filings 


3 Subsequent Filings that Reference this Filing

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

 5/25/22  U-Haul Holding Co./NV             10-K        3/31/22  149:17M
 8/04/21  U-Haul Holding Co./NV             10-Q        6/30/21   95:9.4M
 5/26/21  U-Haul Holding Co./NV             10-K        3/31/21  153:16M
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