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Senior Notes
12 Months Ended
Dec. 31, 2011
Senior Notes [Abstract]  
Senior Notes Disclosure [Text Block]
ior notes consist of the following (in thousands):
 
Successor
 
December 31, 2012
 
December 31, 2011
4.75% Senior Notes (due August 2017)
$
1,000,000

 
 
6.75% Senior Notes (due June 2018)
500,000

 
$
500,000

 
$
1,500,000

 
$
500,000

Debt issuance costs related to the senior notes of $17.2 million and $7.0 million at December 31, 2012 and 2011, respectively, which are included in other assets on the consolidated balance sheets, are being amortized to interest expense over the expected term of the senior notes.
In August 2012, we issued $1.0 billion of 4.75% senior notes which are due in August 2017, with interest payable semiannually.

In connection with the issuance of the 4.75% senior notes, we entered into a registration rights agreement that requires us to file a registration statement with the Securities and Exchange Commission ("SEC") for an exchange offer with respect to the 4.75% senior notes and the subsidiary guaranty. If the registration statement has not been declared effective by the SEC within 365 days from the original issuance of the senior notes or ceases to remain effective, we will be required to pay the 4.75% senior note holders a maximum amount of $0.50 per week of additional interest per $1,000 of principal during the time the registration statement is not effective, for a period of up to one year.
In June 2011, we issued $500 million of 6.75% senior notes which are due in June 2018, with interest payable semiannually.
The senior notes are guaranteed solely by AmeriCredit Financial Services, Inc. our principal operating subsidiary and none of our other subsidiaries are guarantors of the notes. The senior notes may be redeemed, at our option, in whole or in part, at any time before maturity at the make whole redemption prices as set forth in the indentures that govern the senior notes. See Note 23 - "Guarantor Consolidating Financial Statements" for further discussion.