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AmeriCredit Corp. (ACF) is in the Financial Services Industry

Latest News and Analysis

  • AmeriCredit Announces $500 Million Senior Subordinate Asset-Backed Securitization

    FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) today announced the pricing of a $500 million offering of automobile receivables-backed securities, under the AmeriCredit Automobile Receivables Trust AMCAR platform, which primarily includes subprime automobile loan contracts. The lead managers on the transaction are Deutsche Bank Securities, JP Morgan and RBS...

    Articles 2008-11-24

  • AmeriCredit Announces Agreement with Fairholme Funds, Inc

    FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) announced today that it has entered into an agreement with Fairholme Funds, Inc. ("Fairholme"), under which AmeriCredit will issue approximately 15.1 million shares of its common stock to Fairholme in exchange for AmeriCredit's 8.50% Senior Notes due 2015 (the "Notes") at a...

    Articles 2008-11-24

  • AmeriCredit to Webcast Investor Presentation

    FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) will be presenting at the 2008 FBR Capital Markets Fall Investor Conference in New York, N.Y., on Wednesday, Dec. 3, at 10:45 a.m. Eastern time. Dan Berce, President and Chief Executive Officer, will be presenting on behalf of the Company. ...

    Articles 2008-11-18

  • AmeriCredit Announces Extension of Offer to Repurchase 1.75% Convertible Senior Notes Due 2023

    FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) announced today that it has extended the expiration date of its previously commenced offer to repurchase its 1.75% Convertible Senior Notes due 2023 (the "Securities") from 5:00 p.m., Eastern time, November 14, 2008, to midnight, Eastern time, November 17, 2008. The financial...

    Articles 2008-11-05

  • AmeriCredit Reports First Quarter Operating Results

    * 1st Quarter net loss of $1.7 million, $0.01 per share * Pre-tax earnings of $412,000 * Allowance for loan losses increased to 6.8% of outstanding receivables FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) today announced a net loss of $1.7 million, or...

    Articles 2008-10-27

  • AmeriCredit to Webcast Conference Call on First Quarter Operating Results

    FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) will release its first quarter 2009 operating results on Monday, Oct. 27, 2008, after market close. A conference call to discuss the results will begin at 5:30 p.m. Eastern time. The conference call will be broadcast live for all interested...

    Articles 2008-10-08

  • AmeriCredit Announces $500 Million Senior Subordinate Asset-Backed Securitization

    FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE: ACF) announced the pricing of a $500 million offering of automobile receivables-backed securities on October 6, 2008, under the AmeriCredit Automobile Receivables Trust AMCAR platform, which primarily includes subprime automobile loan contracts. The lead managers on the transaction are Deutsche Bank Securities, Wachovia...

    Articles 2008-10-07

  • Fitch Affirms AmeriCredit Automobile Receivables Trust 2007-B-F

    NEW YORK -- Fitch affirms the ratings of the AmeriCredit Automobile Receivables Trust 2007-B-F asset-backed notes: -- Class A-2 notes at 'AAA'; -- Class A-3-A notes at 'AAA'; -- Class A-3-B notes at 'AAA'; -- Class A-4 notes at 'AAA'. ...

    Articles 2008-09-05

  • Fitch Downgrades AmeriCredit Corp.'s IDR to 'B+'; Ratings on Watch Negative

    NEW YORK & CHICAGO -- Fitch Ratings has downgraded the long-term Issuer Default Rating IDR of AmeriCredit Corp. (NYSE: ACF) to 'B+' and placed all ratings on Rating Watch Negative. Approximately $950 million of debt is affected by this action. Fitch has taken the following rating actions: ...

    Articles 2008-08-06

  • Fitch Rates AmeriCredit Automobile Receivables Trust 2008-A-F

    NEW YORK -- Fitch rates AmeriCredit Automobile Receivables Trust 2008-A-F as follows: --$160,000,000 2.6936% class A-1 'F1+'; --$100,000,000 4.47% class A-2-A 'AAA'; --$139,000,000 floating rate class A-2-B 'AAA'; --$153,000,000 5.68% class A-3 'AAA'; --$198,000,000 6.96% class A-4 'AAA'. ...

    Articles 2008-05-29

  • Fitch Expects to Rate AmeriCredit Automobile Receivables Trust 2008-A-F; Presale Issued

    NEW YORK -- Fitch Ratings expects to assign the following ratings to AmeriCredit Automobile Receivables Trust 2008-A-F: --$107,000,000 class A-1 'F1+'; --$158,000,000 class A-2-A and A-3-B 'AAA'; --$103,000,000 classes A-3-A and A-3-B 'AAA'; --$132,000,000 classes A-4-A and A-4-B 'AAA'. The...

    Articles 2008-05-19

  • AmeriCredit Makes Orange Local HQ, Some Work Goes to Texas

    FINANCE: Auto financier deals with uncertain outlook for loans Auto lender AmeriCredit Corp. has added to and taken away from its recently acquired Long Beach Acceptance COTC. operation in Orange. Fort Worth, Texas-based AmeriCredit paid $283 million early last year for Long Beach Acceptance, a former...

    Articles 2008-03-24

  • ACF, HTE, CSUH, TCHH Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days.

    M2 PRESSWIRE-12 February 2008-BUYINS.NET: ACF, HTE, CSUH, TCHH Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading DaysC1994-2008 M2 COMMUNICATIONS LTD RDATE:12022008 BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and...

    Articles 2008-02-12

  • Updated Analysis on AmeriCredit Corp.

    M2 PRESSWIRE-4 February 2008-Bellwether Interviews: Updated Analysis on AmeriCredit Corp.C1994-2008 M2 COMMUNICATIONS LTD RDATE:04022008 BellwetherReport.com is always trying to get the edge on the market and have introduced a new service that will consist of interviewing top independent research...

    Articles 2008-02-04

  • ACF, AHR, HTE, SLW, BIOF, CLAY Have Been Added To Naked Short List Today.

    M2 PRESSWIRE-25 January 2008-BUYINS.NET: ACF, AHR, HTE, SLW, BIOF, CLAY Have Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:25012008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE...

    Articles 2008-01-25

  • Correction: Fitch Downgrades 9 Classes from 4 ABS Deals Following SCA & XLCA/XLFA Rtg Downgrade

    NEW YORK -- (This is a correction for a press release published earlier today. AmeriCredit Automobile Receivables Trust 2005-A-X class A-3 was erroneously downgraded. This press release corrects the number of classes that were downgraded.) Fitch Ratings has downgraded nine classes from four asset-backed securities ABS. Additionally the...

    Articles 2008-01-24

  • Fitch Places 22 ABS Classes on Rtg Watch Negative following FGIC Corp Negative Watch

    NEW YORK -- Fitch Ratings has placed 22 classes from nine asset-backed securities ABS transactions on Rating Watch Negative following Fitch's placement of FGIC Corporation (FGIC Corp.) and its financial guaranty insurance subsidiaries Insurer Financial Strength IFS rating of 'AAA' on Rating Watch Negative. For more information please...

    Articles 2007-12-18

  • Fitch Places 10 ABS Bonds on Watch Negative Following XL Capital on Watch Negative

    NEW YORK -- Fitch Ratings places 10 classes from four asset-backed securities on Rating Watch Negative. This action follows Fitch's placement of Security Capital Assurance Ltd. SCA and its financial guaranty insurance subsidiaries Insurer Financial Strength IFS ratings of 'AAA' on Rating Watch Negative. For more information please refer to...

    Articles 2007-12-13

  • Outlook for credit losses, repos worsens; Lenders designate more funds to cover potential risks.

    Byline: Jim Henry Although consumer bankruptcies are down nationwide from recent years, they are rising quarter by quarter. The outlook for credit losses and vehicle repossessions is getting worse for some auto lenders, both prime and subprime, companies say. ...

    Articles 2007-11-12

  • Fitch Rates AmeriCredit Automobile Receivables Trust 2007-D-F

    NEW YORK -- Fitch rates AmeriCredit Automobile Receivables Trust 2007-D-F as follows: --$184,000,000 5.9139% class A-1 'F1+'; --$164,000,000 5.66% class A-2-A 'AAA'; --$50,000,000 floating rate class A-2-B 'AAA'; --$232,000,000 5.49% class A-3-A 'AAA'; --$40,000,000 floating rate class A-3-B 'AAA'; ...

    Articles 2007-09-20

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  • Incorporated: 1986
  • CEO: Mr. Daniel E. Berce

AmeriCredit is an auto finance company that operates in the automobile finance business. Co. purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in Co.'s dealership network. Co. targets consumers who are unable to obtain financing from banks, credit unions and manufacturer captive auto finance companies. Funding for Co.'s auto lending activities is obtained through the utilization of its credit facilities and the transfer of loans in securitization transactions. Co. services its loan portfolio at regional centers using automated loan servicing and collection systems.

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AmeriCredit Corp. Company Info

Board of Directors

Mr. Clifton H. Morris Jr.

Chairman

Mr. John R. Clay

Mr. Justin R. Wheeler

Mr. Ian M. Cumming

Mr. Daniel E. Berce

Mr. James H. Greer

Mr. A. R. Dike

Mr. Douglas K. Higgins

Mr. Kenneth H. Jones Jr.

Contact Information

801 Cherry Street

Suite 3900

Fort Worth, TX

http://www.americredit.com

817 302-7000

NAICS Code

Consumer Lending: 522291

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