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Subsequent Events
9 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events
15. Subsequent Events
On January 21, 2014, various subsidiaries of U-Haul International, Inc. entered into a new revolving fleet loan for $75 million which can be increased to a maximum of $225 million. We drew down approximately $18 million on the closing date. This loan matures in October 2018. Only interest is paid during the first four years of the loan and then principal is due monthly over the last nine months.
On December 4, 2013, we declared a special cash dividend on our common stock of $1.00 per share to holders of record on January 10, 2014 which will be payable on February 14, 2014.
On January 31, 2014, various subsidiaries of U-Haul International, Inc. entered into a new revolving fleet loan for $100 million which can be increased to a maximum of $125 million. This loan matures in October 2017. Only interest is paid during the first three years of the loan and then principal is due monthly over the last nine months.