FORT WORTH, Texas, Mar 13, 2007 (BUSINESS WIRE) -- AmeriCredit Corp. (NYSE:ACF) announced today the pricing of a $486 million offering of automobile receivables-backed securities through lead manager Greenwich Capital Markets, Inc., and co-manager Citigroup Global Markets Inc. This transaction represents Long Beach Acceptance Corp.'s first securitization since its acquisition by AmeriCredit in January 2007. Net proceeds from securitization transactions will be used to provide long-term financing of receivables.

The securities will be issued via an owner trust, Long Beach Acceptance Auto Receivables Trust 2007-A, in four classes of Notes:

Note Class      Amount      Average Life      Price      Interest Rate
----------- --------------  ------------------------------------------
    A-1      $100,000,000   0.28 years         100.00000        5.335%
    A-2      $145,000,000   1.00 years         100.00000        5.150%
    A-3       $98,000,000   2.00 years         100.00000        4.972%
    A-4      $143,000,000   3.22 years         100.00000        5.025%

The weighted average coupon on the Notes is 5.0%.

The Note Classes are rated by Standard & Poor's and Moody's Investors Service. The ratings by Note Class are:

Note Class                  Standard & Poor's          Moody's
      A-1                      A-1+                       Prime-1
      A-2                       AAA                           Aaa
      A-3                       AAA                           Aaa
      A-4                       AAA                           Aaa

Financial Security Assurance Inc. will provide bond insurance for this transaction. Initial credit enhancement will total 3.75% of the original receivable pool balance building to the total required enhancement level of 8.0% of the then outstanding receivable pool balance. The initial 3.75% enhancement will consist of 1.25% overcollateralization and 2.50% of a Class C certificate.

This transaction represents AmeriCredit's 57th securitization of automobile receivables in which a total of more than $47 billion of automobile receivables-backed securities has been issued.

Copies of the prospectus relating to this offering of receivables-backed securities may be obtained from the lead manager and co-manager. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State.

About AmeriCredit

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 $14 billion in managed auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit

SOURCE: AmeriCredit Corp.

AmeriCredit Corp., Fort Worth
Investor Relations
Caitlin DeYoung, 817-302-7394
Media Relations
John Hoffmann, 817-302-7627