U-Haul International Subsidiary Notifies Trustee to Prepay Cargo Van and Pick-up Asset Backed Notes
January 29, 2010 Download
RENO, Nev., January 29, 2010 – AMERCO (Nasdaq: UHAL) today announced that its subsidiary, U-Haul S Fleet, LLC, has notified the trustee of its 5.404% Series 2007-1 Cargo Van and Pick-up Asset Backed Notes of its intent to prepay the remaining outstanding balance on February 25, 2010. Pursuant to the terms of the Series 2007-1 supplement, the notes will be prepaid at par.
The Company plans to finance its 2010 through 2012 acquisitions for pickups and cargo vans with a secured loan that closed on December 31, 2009.