AmeriCredit Increases Credit Facilities to $4.2 Billion

    FORT WORTH, Texas--Dec. 5, 2001--AMERICREDIT CORP. announced today that it has increased the borrowing capacity available under its credit agreements to $4.2 billion by adding a $500 million structured warehouse facility with Merrill Lynch. The facility matures in November 2003. AmeriCredit also added a C$150 million structured warehouse facility with Merrill Lynch Capital Canada Inc., which matures in August 2002.
    AmeriCredit has $3.6 billion in other structured warehouse facilities. The Company uses its warehouse facilities to finance the purchase of automobile receivables prior to securitization.
    AmeriCredit is the largest independent middle market automobile finance company in North America specializing in purchasing and servicing automobile loans. AmeriCredit maintains a Web site at www.americredit.com that contains further information on the Company.