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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.

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