GM Financial (ticker: ACF, exchange: New York Stock Exchange (.N))
News Release -
12-Apr-1999
Americredit Corp. Announces $125 Million Private Senior Unsecured Debt Offering
FORT WORTH, Texas--(BUSINESS WIRE)--April 12, 1999--AMERICREDIT
CORP. (NYSE:ACF) today announced that it is proposing a private
offering of $125 million aggregate principal amount of senior notes to
certain qualified institutional buyers.
The purpose of the offering is to provide AmeriCredit with
additional capital to fund its growth, including increasing the amount
of automobile and other loans the Company can acquire, originate and
hold for pooling and sale in the asset-backed securities market.
The notes to be offered by AmeriCredit in the private placement
have not been registered under the Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent such
registration or an applicable exemption from the registration
requirements.
AmeriCredit is a national consumer finance company specializing
in purchasing, securitizing and servicing automobile loans and
originating and selling mortgage loans. AmeriCredit maintains a web
site at www.americredit.com that contains further information on the
Company.
CONTACT: AmeriCredit Corp., Fort Worth
Kim Welch, 817/882-7009 (Investor Relations)
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GM Financial
