Business Context and Reporting Period
This Form 8-K Current Report was filed by AMERCO (parent company of U-Haul Holding Co) on January 17, 2014. The report details the filing of a new "automatic shelf registration" statement with the SEC to replace a previous Form S-3 registration scheduled to expire on January 20, 2014.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, or operating margins. The document focuses exclusively on debt issuance capacity and legal validity.
| Note Series | Aggregate Principal Amount Offered |
|---|---|
| Fixed Rate Secured Notes Series UIC-08B, 09B, 10B, 11B | $12,852,900 |
| Fixed Rate Secured Notes Series UIC-01B, 02B | $1,433,900 |
| Fixed Rate Secured Notes Series 10C, 11C, 12C, 13C | $3,238,700 |
| Fixed Rate Secured Notes Series 14C through 22C | $11,070,500 |
| Total Notes Offered | $28,596,000 |
Material Changes
The primary material event is the replacement of the expiring shelf registration statement. This action enables the Company to continue offering the specific Fixed Rate Secured Notes listed above under the new registration framework.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The report serves strictly to disclose the filing of the New Shelf Registration Statement and to incorporate by reference the legal opinion and consent of the Company Secretary regarding the validity of the Notes.
Investor Verification Checklist
- Verify the specific terms, interest rates, and maturity dates of the Notes (Series UIC-08B through 22C) in the associated prospectus supplements.
- Confirm the total outstanding debt load of AMERCO to assess the impact of the $28.6 million in offered notes.
- Review the legal opinion (Exhibit 5.1) to ensure the validity of the Notes as referenced in the new shelf registration.
- Check subsequent filings for actual issuance amounts, as this filing represents the capacity to offer up to the stated principal amounts.