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Amerco wins OK on financing

NNBW Staff

Reno-based Amerco says the U.S.

Bankruptcy Court approved its $300 million debtor-in-possession financing facility with Wells Fargo Foothill.

Wells Fargo Foothill previously provided the company with a commitment for $650 million in exit financing to fund the Amerco’ s reorganization plan.

Amerco is the parent company of UHaul.

While its corporate headquarters are in Reno, most of its operations are based in Phoenix.