The rate on $200 million note carried by SAC is 8.5% for 10 years.
The rate for $200 million term B loan is at market rate (to be determined), for 5 years.
Almost $200 million will be paid off in cash (from Foothill's financing + cash on hand).
That left a little over $100 million "Amerco notes" (least secured notes), with interest rate of 12%.
The above will pay off the $710+ million unsecured debt.
The term A notes (to replace the secured debt) will be at the rate of LIBOR + 4% (currently about 5-6%). These notes are better secured and therefore have better rates. The rate for the debt carried by Foothill (in the amount of $550 million) is also at 5-6% at present rates.
The negotiation with the synthetic leasers (total amount of $230+ million) are open. I think Amerco proposed 7.5% for their notes, but that offer was rejected. Due to the fact that the real estate under the lease are way over the debt (real estate said to be valued at $1 billion at market), there is no way Amerco would offer a better rate. The issue could be resolved in court (if no party can solve the problem).
Other possible solutions: Solution 1: the banks would sell the real estate to another party, with Amerco leasing back the properties with similar terms. I read that there is a third party that signed a contract with the banks. I think the transaction may or may not close; Solution 2: the banks take over the real estate at market value, and pay Amerco the residual value in cash (i.e., market value minus the loan amount). This solution is proposed by Amerco in the court.