AMERCO announces agreement to purchase and issue $600 million of fixed rate senior unsecured notes
On December 7th, 2021, AMERCO announced the purchase of $600 million of senior fixed rate notes. This is in response to the company’s previous foray into fixed rate note acquisitions, which contributed to its plans for expansion. The notes are broken up into 5 tranches, due between 2030 and 2035. These securities will not be registered under the Securities Act of 1933.
New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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