AmeriCredit Offers $850 Million in Auto-Backed Securities

AmeriCredit

SubPrimeNews.com - September 15, 2010

Ameri­Cred­it announced pric­ing of an $850 mil­lion offer­ing of auto asset-backed secu­ri­ties. Pro­ceeds will be used for long-term financ­ing of its receiv­ables. The secu­ri­ties will be issued through Ameri­Cred­it Auto­mo­bile Receiv­ables Trust.