March 02, 2010

AmeriCredit Expands and Extends Warehouse Credit Facility

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FORT WORTH, Texas – AmeriCredit Corp. announced Monday the expansion and extension of its warehouse credit facility to $1.3 billion, which includes commitments from eight lenders.

Before expansion, the borrowing capacity available was $1 billion. The revolving period of the new facility matures in February 2011.

AmeriCredit uses warehouse credit facilities for short-term financing of its receivables until it permanently finances the receivables in securitization transactions.

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