AmeriCredit starts roadshow for $200 million eight-year senior notes

By Paul A. Harris

St. Louis, June 18 - AmeriCredit Corp. started a roadshow on Monday for its $200 million offering of eight-year senior notes (Ba3/B+), according to market sources.

The deal is expected to price mid-week.

Deutsche Bank Securities and Lehman Brothers are joint bookrunners for the Rule 144A offering. Wachovia Securities and Friedman Billings Ramsey are co-managers

Proceeds will be used for general corporate purposes, including the repayment of the company's 1.75% convertible senior notes due in 2023, which become callable in November 2008.

AmeriCredit is a Fort Worth, Texas, automobile finance company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.