AmeriCredit Corp. Announces Exercise of Over-Allotment in Public Stock Offering.FORT WORTH, Texas--(BUSINESS WIRE)--Sept. 20, 1999-- AmeriCredit Corp. (NYSE NYSE See: New York Stock Exchange :ACF (Advanced Communications Function) An earlier official product line name for IBM SNA programs, such as VTAM (ACF/VTAM) and NCP (ACF/NCP). ACF - Advanced Communications Function ) today announced that the Underwriters exercised their option to purchase 1,200,000 additional shares of Common Stock to cover over-allotments in the Company's follow-on equity offering. As a result, the follow-on equity offering resulted in the issuance of 9,200,000 shares of Common Stock and net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to the Company of approximately $112,000,000. The underwriting was managed by a group led by BancBoston Robertson Stephens Inc., Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc., and U.S. Bancorp Piper Jaffray Inc. 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. A final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to the offering may be obtained from BancBoston Robertson Stephens Inc. at 555 California St., San Francisco, CA 94104 415/781-9700; Salomon Smith Barney, 388 Greenwich Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10013; or U.S. Bancorp Piper Jaffray, 222 South Ninth Street, Minneapolis, MN 55402. |
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