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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