FORT WORTH, Texas--(BUSINESS WIRE)--Oct. 3, 2006--AMERICREDIT
CORP. (NYSE: ACF) announced today that it has entered into a $750
million structured, medium term note financing insured by MBIA
Insurance Corporation ("MBIA"). This financing, which matures in
October 2009, will replace the existing $650 million medium term note
financing insured by MBIA that will be retired on Oct. 11, 2006.
AmeriCredit uses proceeds from warehouse facilities to finance the
purchase of auto finance contracts. With these changes, AmeriCredit
will have $4.15 billion of committed warehouse facilities.
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 approximately one million customers and $12 billion in
managed auto receivables. The Company was founded in 1992 and is
headquartered in Fort Worth, Texas. For more information, visit
CONTACT: AmeriCredit Corp.
Caitlin DeYoung, 817-302-7394
John Hoffmann, 817-302-7627
SOURCE: AmeriCredit Corp.