AmeriCredit Closes $500 Mln Auto ABS

AmeriCredit has closed on a $500 million securitization of auto loans. Deutsche Bank Securities, Wachovia Securities and Barclays Capital are lead managers on the transaction, which is split up into senior and subordinate debt.

  • 07 Oct 2008

--Leela Parker

AmeriCredit has closed on a $500 million securitization of auto loans. Deutsche Bank Securities, Wachovia Securities and Barclays Capital are lead managers on the transaction, which is split up into senior and subordinate debt. AmeriCredit Automobile Receivables Trust 2008-1 will issue five classes of notes.

The AmeriCredit ...

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