AmeriCredit Expands and Extends Credit Facility

AmeriCredit Corp. today announced the expansion and extension of its multi-year master warehouse credit facility. The borrowing capacity available under the facility increased to $2.50 billion from $1.95 billion and includes commitments from 11 lenders. This facility matures in October 2009. With these changes, AmeriCredit has $4.70 billion of committed warehouse facilities. The Company uses warehouse credit facilities for short-term financing of its receivables until it permanently finances the receivables in securitization transactions.

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 approximately one million customers and $12 billion in managed auto receivables.