8-KThe WireRoutine
Company Update
Filed Jun 27, 2017 · 9y ago · Accession 0000004457-17-000038
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 27, 2017
AMERCO
( Exact name of registrant as specified in its charter )
Nevada
1-11255
88-0106815
( State or other jurisdiction of
( Commission File Number )
( I.R.S. Employer Identification No. )
incorporation )
5555 Kietzke Lane , Ste. 100
Reno, Nevada 89 511
(Address of principal executive offices including zip code)
(775) 688-6300
( Registrant’s telephone number, including area code )
Not Applicable
( Former name or former address if changed since last report )
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01Other Events
Fixed Rate Secured Notes Series UIC-1G
On June 27, 2017, the Company and the Trustee entered the Thirtieth Supplemental Indenture to the Base Indenture (the “Fixed Rate Secured Notes Series UIC-1G Thirtieth Su pplemental Indenture”) and a Pledge and Security Agreement (the “Fixed Rate Secured Notes Series UIC-1G Security Agreement”). In connection with the foregoing, the Company has offere d up to $ 4,098,000 in aggregate principal amount of UIC-1G Secured Notes (the “Series UIC-1G Notes”) in a public offering. Investors in the Series UIC-1G 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-1G Notes bear interest at rate s between 3.62% and 5.38 % per year and mature between four and nine years from issue date and are fully amortizing over the ir respective terms . Principal and interest on the Note s 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-1G Thirtieth Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-1G 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-1G Notes were offered and will be sold pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333- 215546 ) under the Securities Act of 1933, as amended. The Company has filed with the Securities and Exchange Commission a prospectus supplement, dated June 27, 2017 , together with the accompanying prospectus, dated January 13, 2017 , relating to the offeri ng and sale of the Series UIC-1G Notes.
For a complete description of the terms and conditions of the Fixed Rate Secured Notes Series UIC-1G Thirtieth Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-1G Security Agreement, please refer to the Fixed Rate Secured Notes Series UIC-1G Thirtieth Supplemental Indenture and the Fixed Rate Secured Notes Series UIC-1G Security Agreement , each of which is incorporated herein by reference and attached to this Current R eport on Form 8-K as Exhibit 4.1 .
A copy of the opinion and consent of Jennifer M. Settles, Secretary of the Company, as to the validity of the Series UIC-1G Notes is incorporated by reference into the Registration Statement on Form S-3 (File No. 333- 215546 ) and filed as Exhibit 5.1 hereto.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.
Description
4.1
Series UIC-1G Thirtieth Supplemental Indenture and Pledge and Security Agreement dated June 27, 2017 , by and between AMERCO and U.S. Bank National Association, as trustee .
5.1
Opinion of Jennifer M. Settles, Secretary of AMERCO.
23.1
Consent of Jennifer M. Settles, 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: June 27, 2017
EXHIBIT INDEX
Exhibit No.
Description
4.1
Series UIC-1G Thirtieth Supplemental Indenture and Pledge and Security Agreement dated June 27, 2017 , by and between AMERCO and U.S. Bank National Association, as trustee .
5.1
Opinion of Jennifer M. Settles, Secretary of AMERCO.
23.1
Consent of Jennifer M. Settles, Secretary of AMERCO (included in Exhibit 5.1).
Filing details
- Company
- U-Haul Holding Co /NV/
- Ticker
- UHAL
- CIK
- 4457
- Form type
- 8-K
- Filing date
- Jun 27, 2017
- Report date
- Jun 27, 2017
- Document
- 8K30thindenture.htm
- Size
- 254 KB