FORT WORTH, Texas--(BUSINESS WIRE)--Oct. 31, 2006--AMERICREDIT
CORP. (NYSE:ACF) today announced the expansion and extension of its
multi-year master warehouse credit facility. The borrowing capacity
available under the facility increased to $2.50 billion from $1.95
billion and includes commitments from 11 lenders. This facility
matures in October 2009. With these changes, AmeriCredit has $4.70
billion of committed warehouse facilities. 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 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.