AmeriCredit Corp. Revises Extension of Offer to Exchange 9 1/4% Senior Notes Due 2009.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--Jan. 8, 2003 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 ) announced today that it is revising the extension of its offer (the "Exchange Offer") to exchange its 9 1/4% Senior Notes Due 2009 (the "New Notes") which have been registered under the Securities Act of 1933, as amended (the "Securities Act"), for any and for all of its outstanding 9 1/4% Senior Notes Due 2009 (the "Old Notes"). The Exchange Offer, originally scheduled to expire 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 January 6, 2003, will now expire at 5:00 p.m., New York City time on January 21, 2003, unless extended. All other terms and conditions of the Exchange Offer remain the same. 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 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 December 6, 2002, previously distributed to holders of the Old Notes. AmeriCredit Corp. (NYSE:ACF) is the largest independent middle-market auto finance company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Using its branch network and strategic alliances with auto groups and banks, the company purchases retail installment contracts installment contract n. an agreement in which payments of money, delivery of goods or performance of services are to be made in a series of payments, deliveries or performances, usually on specific dates or upon certain happenings. made by auto dealers to consumers who are typically unable to obtain financing from traditional sources. AmeriCredit has more than one million customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada and more than $15 billion in managed auto receivables. The company was founded in 1992 and is headquartered in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. . For more information, visit www.americredit.com. |
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