FORT WORTH, Texas, Sept 05, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- AmeriCredit Corp.
(NYSE: ACF) announced today that it has entered into a $1.5 billion
prime/near-prime warehouse financing facility. This facility, which matures
in September 2008, will replace the three existing prime and near-prime
facilities totaling $1.45 billion that the Company terminated today.
AmeriCredit has total available warehouse commitments of $5.4 billion,
including U.S. facilities of $5.25 billion, all of which mature subsequent to
AmeriCredit Corp. is a leading independent automobile finance company that
provides financing solutions indirectly through auto dealers and directly to
consumers in the United States and Canada. AmeriCredit has over one million
customers and approximately $16 billion in managed auto receivables. The
Company was founded in 1992 and is headquartered in Fort Worth, Texas. For
more information, visit http://www.americredit.com.
Investor Relations Media Relations
Caitlin DeYoung John Hoffmann
(817) 302-7394 (817) 302-7627
SOURCE AmeriCredit Corp.