AmeriCredit Corp. Announces Extension of Offer to Exchange Its 9.875% Senior Notes Due 2006.FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 27, 1999-- AmeriCredit AmeriCredit Corp.(NYSE: ACF) is a Fort Worth-based company that provides car loans, both directly and through automobile dealerships, to medium- and high-risk customers in the United States and Canada. Their headquarters is located in Fort Worth, Texas. 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 it will extend its offer (the "Exchange Offer") to exchange its 9.875% Senior Notes Due 2006 (the "New Notes") which have been registered under the Securities Act of 1933 (the "Securities Act") for any and for all of its outstanding 9.875% Senior Notes Due 2006 (the "Old Notes"). The Exchange Offer, previously scheduled to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. at 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on August 27, 1999, will expire at 5:00 p.m., New York City time on September 3, 1999, unless further extended. All other terms and conditions of the Exchange Offer remain the same. As of 3:00 p.m. New York City time on August 27, 1999, approximately $193.6 million (out of $200.0 million) in aggregate principal amount of the Old Notes have been tendered in exchange for the like principal amount of New Notes. The Old Notes have not been registered under the Securities Act and may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of the Old Notes or the New Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offer is subject to all the terms and conditions set forth in the Prospectus dated August 2, 1999, previously distributed to holders of the Old Notes. 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. |
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