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

Special Finance®

AmeriCredit Prices $850 Million Asset-Backed Securities

September 16, 2010

FORT WORTH, Texas — AmeriCredit Corp. announced Wednesday the pricing of an $850 million offering of automobile receivables-backed securities.

AmeriCredit said it will use the proceeds from securitization transactions for long-term financing of its receivables.

Barclays Capital, UBS Investment Bank and Wells Fargo Securities are lead managers on the deal. Co-managers are Credit Suisse, J.P. Morgan and RBS.

In July, General Motors agreed to acquire AmeriCredit for $3.5 billion.

Your Comment

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

CLOSE [X]

READ NEXT

EFG Companies Partners With Ristken Software Services

EFG Companies, a performance management company for automotive retailers, announced last Tuesday at the 2010 F&I Conference and Expo that it formed a new partnership with Ristken Software Services.