The Industry's Leading Source For F&I, Sales And Technology

Special Finance®

AmeriCredit Expands and Extends Warehouse Credit Facility

March 02, 2010

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.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

NABD Unveils Agenda for 2010 Conference

The National Alliance of Buy Here Pay Here Dealers (NABD) today announced the agenda for its 12th Annual National Conference at the Venetian Hotel & Casino in Las Vegas.