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AMERICREDIT CORP. (NYSE: ACF) today announced the pricing of an $850 million offering of automobile receivables-backed securities through lead managers Barclays Capital, UBS Investment Bank and Wells Fargo Securities. Co-managers are Credit Suisse, J.P. Morgan and RBS. AmeriCredit uses net proceeds from securitization transactions for long-term financing of its receivables. The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2010-3, in six classes of Notes:
The weighted average coupon on the Notes to be paid by AmeriCredit is 2.5%.