FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 5, 2008--AMERICREDIT
CORP. (NYSE: ACF) announced today that it has extended the expiration
date of its previously commenced offer to repurchase its 1.75%
Convertible Senior Notes due 2023 (the "Securities") from 5:00 p.m.,
Eastern time, November 14, 2008, to midnight, Eastern time, November
17, 2008. The financial terms of the tender offer are unchanged. The
Company will pay in cash a repurchase price of $1,002.50 per $1,000
principal amount of the Securities, plus accrued and unpaid interest,
if any, up to but excluding November 18, 2008, with respect to any and
all Securities validly surrendered for repurchase and not withdrawn.
This press release is not an offer to purchase, or a solicitation
of an offer to sell the Securities, which will be made only on the
terms and subject to the conditions described in the Issuer Repurchase
Notice and the related documents. Copies of these documents, as
amended, will be filed later today with the Securities and Exchange
Commission as exhibits to an amended Schedule TO relating to the
tender offer. These materials will be available free of charge at the
Securities and Exchange Commission's website, www.sec.gov. Holders of
the Securities who want copies of the amended Issuer Repurchase Notice
and related documents or who have questions about the offer should
call HSBC Bank USA, National Association, the paying agent for the
offer, toll free at 800-662-9844.
AmeriCredit Corp. is a leading independent automobile finance
company that provides financing solutions indirectly through auto
dealers across the United States. AmeriCredit has over one million
customers and approximately $14 billion in auto receivables. The
Company was founded in 1992 and is headquartered in Fort Worth, Texas.
For more information, visit www.americredit.com.
CONTACT: AmeriCredit Corp.
Caitlin DeYoung, 817-302-7394
SOURCE: AmeriCredit Corp.