Though Amerco seems close to buckling under its nigh $1 billion in debt, the company maintains that it will sidestep bankruptcy and meet its debt obligations. Still, with a $6.8 million coupon breathing down its neck, the company, parent of U-Haul, has not provided any details about its reorg plan. On Nov. 15, Amerco must pay a $6.8 million coupon on its $175 million issue of 7.85% senior notes due May 15, 2003. Earlier this month, the company deferred the redemption of a $100 million bond. And on top of that, Amerco must cough up $8.8 million by Feb. 4 on its $200 million in 8.8% senior notes due February 2005. Still, the company maintains that it intends to meet its debt obligations.
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