8-K 1 rrd90013.htm CURRENT REPORT, ITEMS 1.01 AND 9.01 Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C., 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date Of Report (Date Of Earliest Event Reported):  08/19/2005
 
AMERICREDIT CORP
(Exact Name of Registrant as Specified in its Charter)
 
Commission File Number:  001-10667
 
TX
  
752291093
(State or Other Jurisdiction of
  
(I.R.S. Employer
Incorporation or Organization)
  
Identification No.)
 
801 Cherry Street, Suite 3900, Fort Worth, TX 76102
(Address of Principal Executive Offices, Including Zip Code)
 
(817)302-7165
(Registrant’s Telephone Number, Including Area Code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
 

Items to be Included in this Report

 
Item 1.01.    Entry into a Material Definitive Agreement
 
On August 18, 2005, AmeriCredit Financial Services, Inc. ("AmeriCredit"), a wholly owned subsidiary of AmeriCredit Corp., entered into an amendment with Barclays Bank PLC concerning its $400 million Repurchase Trust warehouse credit facility. The Repurchase Trust warehouse credit facility is a revolving warehouse line of credit under which AmeriCredit may finance up to $400 million of automobile retail installment sales contract receivables that meet certain eligibility requirements and under which AmeriCredit services the receivables. Under this facility, AmeriCredit sells eligible receivables to a special purpose subsidiary, which in turn pledges the receivables as collateral for its borrowings under the facility. The amendment increased the facility limit from $400 million to $500 million and extended the commitment termination date from August 18, 2005 to August 17, 2006.

Affiliates of Barclays Bank PLC have also performed investment banking and advisory services to AmeriCredit from time to time to which they have received customary fees and expenses.

 
 
Item 9.01.    Financial Statements and Exhibits
 
(a)                Financial Statements of Business Acquired

                None.

(b)                Pro-forma Financial Information

                None.

(c)               Exhibits

                The following exhibit is filed herewith:

Exhibit

Number            Description

99.1               Amendment No. 5, dated August 18, 2005, to the Security Agreement, dated August 19, 2004, among Sheffield Receivables Corporation, AmeriCredit Repurchase Trust, AmeriCredit Financial Services, Inc., AFS Warehouse Corp. and Wells Fargo Bank, National Association

 

 

Signature(s)
 
Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.
 
     
 
AMERICREDIT CORP
 
 
Date: August 19, 2005.
     
By:
 
/s/    CHRIS A. CHOATE

               
CHRIS A. CHOATE
               
Executive Vice President, Chief Financial Officer and Treasurer
 
 


 

Exhibit Index
 
Exhibit No.

  
Description

EX-99.1
  
Amendment No. 5, dated August 18, 2005, to the Security Agreement, dated August 19, 2004, among Sheffield Receivables Corporation, AmeriCredit Repurchase Trust, AmeriCredit Financial Services, Inc., AFS Warehouse Corp. and Wells Fargo Bank, N.A.