FORT WORTH, Texas, Mar 01, 2010 (BUSINESS WIRE) -- AMERICREDIT CORP. (NYSE: ACF) today announced the expansion and
extension of its warehouse credit facility. The borrowing capacity
available under the facility increased to $1.3 billion from $1.0 billion
and includes commitments from eight lenders. The revolving period of
this facility matures in February 2011. The Company uses warehouse
credit facilities for short-term financing of its receivables until it
permanently finances the receivables in securitization transactions.
AmeriCredit Corp. is a leading independent automobile finance company
that provides financing solutions indirectly through auto dealers across
the United States. AmeriCredit has approximately 900,000 customers and
$9 billion in auto receivables. The Company was founded in 1992 and is
headquartered in Fort Worth, Texas. For more information, visit www.americredit.com.
SOURCE: AmeriCredit Corp.
Caitlin DeYoung, 817-302-7394