U-Haul Holding Company Stock Price, News & Analysis

AMERCO (Nasdaq: UHAL) has announced a private placement agreement for $600 million of fixed rate senior unsecured notes with a weighted average interest rate of 2.71%. The notes are structured in five tranches, with amounts ranging from $100 million to $150 million and varying due dates from 2029 to 2035. The company plans to use the proceeds to support its expansion plans. The notes have not been registered under the Securities Act of 1933, restricting their sale in the U.S. and other jurisdictions.

U-Haul has opened a new location, Moving & Storage of Iwilei, at the historic American Cannery Co. building in Honolulu, acquired on Nov. 22. The facility, the fourth full-service center on Oahu, will soon offer over 700 climate-controlled storage units, towing equipment, and professional hitch installation. U-Haul aims to preserve the building's original character while employing sustainable practices by repurposing old structures. President Kaleo Alau emphasized the importance of community hiring and the company's commitment to COVID-19 safety protocols.

U-Haul has opened a new facility at the former Kmart store located at 3300 Harrison Ave in Butte, Montana. This site will feature over 600 indoor climate-controlled self-storage rooms, marking U-Haul's first company-owned location in Butte. The property, acquired on Nov. 11, aims to offer a variety of self-storage units along with services such as truck rentals and hitch installations, promoting sustainability through adaptive reuse of existing structures. U-Haul plans to create at least 10 local jobs, contributing to community growth.

U-Haul Storage of West Jackson has permanently closed as of November 1, 2021, after 26 years of service. This 29,496-square-foot facility was acquired in 1994 and previously operated as a furniture store. U-Haul will retain ownership of the 1.42-acre property, but future plans remain uncertain. Customers are directed to the nearby U-Haul Storage of Jackson, which offers a range of moving and storage services. The closure resulted in the layoff of five employees. U-Haul continues to maintain service during COVID-19 with enhanced safety protocols.

U-Haul has acquired the historic James E. Pepper Distillery in Lexington, KY, to establish a new 1,400-room self-storage facility. The acquisition, finalized on October 20, 2021, will transform the 197,504-square-foot building while preserving its historical character. Services will include climate-controlled storage units and various moving supplies. This site is U-Haul's third in Lexington and 15th in Kentucky, aimed at benefiting local residents and students. The company's sustainability initiatives drive the adaptive reuse of such historic properties to lower carbon footprints.

The U-Haul store at 241 N. 1st St. in Nashville has closed after 45 years, with operations ending on Nov. 1, 2021. Following a tornado in March 2020, which damaged the original building, U-Haul plans to convert the 0.59-acre site into a new self-storage facility. Customers are directed to a nearby location at 1031 Whites Creek Pike for self-move products and services. The closure resulted in the layoff of seven employees. U-Haul continues to support communities with essential services during the ongoing COVID-19 recovery.

U-Haul will open a new 200-room self-storage facility in Nashville at the former WASCO masonry warehouse by Dec 15, 2021. This location replaces the store destroyed by a tornado in March 2020, which had been temporarily operating from a trailer. The new facility aims to support local communities and enhance sustainability by repurposing existing buildings. Renovations will create indoor climate-controlled storage and employ at least eight team members, with a focus on hiring locally. U-Haul continues to provide essential services during the COVID-19 recovery.

U-Haul has acquired 7.57 acres in Loveland, Colorado, to build a modern retail and self-storage facility, scheduled for completion in 2023. This new facility will include a three-story building with around 100,000 square feet, offering over 700 indoor, ADA-accessible self-storage units equipped with climate control and high-security features. The store aims to accommodate local demand and will feature a retail showroom, truck rental services, and more. U-Haul plans to hire at least 12 local employees to support the operation, reinforcing its commitment to community job growth.