AmeriCredit Expands Warehouse Capacity by $500 Million to $4.7 Billion

    FORT WORTH, Texas--Feb. 26, 2002--AMERICREDIT CORP. announced today that it has increased the borrowing capacity available under its credit agreements from $4.2 billion to $4.7 billion with the addition of a $500 million structured medium term note financing.
    This facility, insured by MBIA Insurance Corporation, matures in February 2005 and brings the total credit provided by structured medium term note financings to $1.75 billion. The addition of this facility brings the amount of commitments with maturities greater than one year to 65% of total warehouse capacity. AmeriCredit uses these facilities to finance the purchase of auto finance contracts.
    AmeriCredit Corp. is the largest independent middle-market auto finance company in North America. Using its branch network and strategic alliances with auto groups and banks, the company makes auto loans to consumers who are typically unable to obtain financing from traditional sources. AmeriCredit has one million active loan customers throughout the United States and Canada and more than $12 billion in managed auto receivables. The company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information visit www.americredit.com.