U-Haul Holding Co. Enters Material Agreement

TL;DR

U-Haul just signed a big deal, could mean new debt or obligations.

AI Summary

On August 21, 2024, U-Haul Holding Company entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The company is incorporated in Nevada and its fiscal year ends on March 31.

Why It Matters

This filing signals a significant new contractual commitment or financial obligation for U-Haul Holding Company, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and operational changes that warrant careful monitoring.

Key Players & Entities

• U-Haul Holding Company (company) — Registrant
• August 21, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.25 — nge on which registered Common Stock, $0.25 par value UHAL New York Stock Excha
• $0.001 — nge Series N Non-Voting Common Stock, $0.001 par value UHAL.B New York Stock Exc
• $500 million — ement, the Company sold an aggregate of $500 million of its Notes, consisting of (a) $100 mi
• $100 million — million of its Notes, consisting of (a) $100 million aggregate principal amount of its 5.86%
• $200 million — , Series C due August 21, 2034 and, (d) $200 million aggregate principal amount of its 6.00%

Filing Documents

• uhal-20240821.htm (8-K) — 55KB
• uhal-ex10_1.htm (EX-10.1) — 1272KB
• uhal-ex10_2.htm (EX-10.2) — 1KB
• uhal-ex10_3.htm (EX-10.3) — 1KB
• uhal-ex10_4.htm (EX-10.4) — 1KB
• uhal-ex10_5.htm (EX-10.5) — 1KB
• uhal-ex99_1.htm (EX-99.1) — 9KB
• 0000950170-24-099836.txt ( ) — 1616KB
• uhal-20240821.xsd (EX-101.SCH) — 43KB
• uhal-20240821_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 21, 2024, U-Haul Holding Company, a Nevada corporation (the "Company"), entered into a Note Purchase Agreement with the purchasers named therein (the "Purchase Agreement") in connection with the private placement of the Company's senior unsecured notes (the "Notes"). Under the Purchase Agreement, the Company sold an aggregate of $500 million of its Notes, consisting of (a) $100 million aggregate principal amount of its 5.86% Senior Notes, Series A due August 21, 2032, (b) $100 million aggregate principal amount of its 5.91% Senior Notes, Series B due August 21, 2033, (c) $100 million aggregate principal amount of its 5.95% Senior Notes, Series C due August 21, 2034 and, (d) $200 million aggregate principal amount of its 6.00% Senior Notes, Series D due August 21, 2035. The issue price for the Notes was 100% of the aggregate principal amount thereof. The Notes bear interest on the outstanding principal balance at the stated rates per annum from the date of issuance, payable semiannually on February 21 and August 21 of each year, commencing with the February 21, 2025 until such principal becomes due and payable. The Notes are senior unsecured obligations of the Company and rank at least pari passu in right of payment with all other unsecured senior indebtedness of the Company. Pursuant to the terms of the Purchase Agreement, the Company may, at its option, upon notice to each holder of the Notes, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the MakeWhole Amount (as defined in the Purchase Agreement) determined for the prepayment date with respect to such principal amount, as set forth in the Purchase Agreement. The obligations of the Company under the Notes will be guaranteed by each of the Company

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On August 22, 2024, the Company issued a press release announcing the above-described private placement of the Company's Notes. A copy of the press release is attached hereto as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. d) Exhibits. Exhibit No. Description 10.1 Note Purchase Agreement, dated August 21, 2024, among U-Haul Holding Company and the purchasers named therein. 10.2 Form of U-Haul Holding Company 5.86% Senior Note, Series A due August 21, 2032 (included as a part of Exhibit 10.1) 10.3 Form of U-Haul Holding Company 5.91% Senior Note, Series B due August 21, 2033 (included as a part of Exhibit 10.1) 10.4 Form of U-Haul Holding Company 5.95% Senior Note, Series C due August 21, 2034 (included as a part of Exhibit 10.1) 10.5 Form of U-Haul Holding Company 6.00% Senior Note, Series D due August 21, 2035 (included as a part of Exhibit 10.1) 99.1 Press release dated August 22, 2024 issued by the Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL documents)

SIGNATURES

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. U-Haul Holding Company Date: August 22, 2024 By: Jason A. Berg Jason A. Berg Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR