Secured Note Backed by Dolly

You know, like that dolly…

DollyCall it innovation in finance.  Creativity.  Pluck.  Whatever one calls it, AMERCO (U-Haul) is pleased to offer the following secured notes:

“The notes issued under Series UIC-01B are secured by a first-priority lien on a pool of U-Haul appliance dollies (the “Appliance Dollies”).  For each $100 invested with us in the notes under Series UIC-01B, we will pledge to the trustee, for the benefit of the noteholders, one Appliance Dolly.

The notes issued under Series UIC-02B are secured by a first priority lien on a pool of U-Haul utility dollies (the “Utility Dollies”). For each $45 invested with us in the notes under Series UIC-02B, we will pledge to the trustee, for the benefit of the noteholders, one Utility Dolly.” (Prospectus)

Disclosure: No Position

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