UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Emerging growth company
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Item 1.01Entry into a Material Definitive Agreement.
On December 2, 2021, AMERCO, 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 $600 million of its Notes, consisting of (a) $100 million aggregate principal amount of its 2.55% Senior Notes, Series A due January 27, 2030, (b) $100 million aggregate principal amount of its 2.60% Senior Notes, Series B due January 27, 2031, (c) $100 million aggregate principal amount of its 2.68% Senior Notes, Series C due January 27, 2032, (d) $150 million aggregate principal amount of its 2.73% Senior Notes, Series D due January 27, 2033, and (e) $150 million aggregate principal amount of its 2.88% Senior Notes, Series E due January 27, 2035. The issue price for the Notes was 100% of the aggregate principal amount thereof.
The funding is expected to occur on January 27, 2022.
Item 7.01Regulation FD Disclosure.
On December 7, 2021, 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.
Item 9.01Financial Statements and Exhibits
(d) Exhibits.
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10.1
10.2
10.3
10.4
10.5
10.6
99.1 |
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Note Purchase Agreement, dated December 2, 2021, among AMERCO and the purchasers named therein.
Form of AMERCO 2.55% Senior Note, Series A due January 27, 2030 (included as a part of Exhibit 10.1)
Form of AMERCO 2.60% Senior Note, Series B due January 27, 2031 (included as a part of Exhibit 10.1)
Form of AMERCO 2.68% Senior Note, Series C due January 27, 2032 (included as a part of Exhibit 10.1)
Form of AMERCO 2.73% Senior Note, Series D due January 27, 2033 (included as a part of Exhibit 10.1)
Form of AMERCO 2.88% Senior Note, Series E due January 27, 2035 (included as a part of Exhibit 10.1)
Press release dated December 7, 2021 issued by the Company.
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SIGNATURE
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.
Dated: December 7, 2021
AMERCO
/s/ Jason A. Berg
Jason A. Berg
Chief Financial Officer