$227 Million Asset-Backed Securitization from AmeriCredit

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SubPrimeNews.com - November 2, 2009

Ameri­Cred­it announced pric­ing on a $227 mil­lion offer­ing of auto­mo­bile receiv­ables-backed secu­ri­ties. These secu­ri­ties rep­re­sent loans that orig­i­nat­ed via dis­tri­b­u­tion chan­nels that Ameri­Cred­it has sus­pend­ed. Pro­ceeds will help Ameri­Cred­it reduce debt on its prime/n­ear-prime ware­house facil­i­ty.