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AmeriCredit Corp. Announces $1,200,000,000 Asset-Backed Securitization

22 May 2000

AmeriCredit Corp. Announces $1,200,000,000 Asset-Backed Securitization

    FORT WORTH, Texas--May 18, 2000--AMERICREDIT CORP. announced today the pricing of a $1.2 billion offering of automobile receivables-backed securities through Credit Suisse First Boston, Banc of America Securities LLC, Chase Securities Inc., and Deutsche Banc Alex Brown.
    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2000-B, in four classes of Notes:

Note Class      Amount   Average Life     Price  Interest Rate                            
----------      ------   ------------     -----  -------------
   A-1    $192,000,000     0.34 years   100.000  6.89%
   A-2     393,000,000     1.00 years   100.000  7.52%
   A-3     275,000,000     2.06 years   100.000  1 mo. LIBOR + 0.14%
   A-4     340,000,000     3.33 years   100.000  1 mo. LIBOR + 0.20%
           -----------   
        $1,200,000,000
        ==============

    The Class A-1 Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's Investors Service, Inc. Notes in classes A-2 through A-4 will be rated AAA by Standard & Poor's and Aaa by Moody's . Timely principal and interest payments on the Notes are guaranteed by an insurance policy provided by Financial Security Assurance Inc.
    The transaction represents AmeriCredit Corp.'s twenty-first securitization of automobile receivables in which a total of over $10.2 billion of automobile receivables-backed securities have been issued.