FORT WORTH, Texas — AmeriCredit Corp. announced Monday that it has expanded and extended its warehouse credit facility.

The borrowing capacity available under the facility has now increased to $1.3 billion from $1 billion. AmeriCredit said the facility includes commitments from eight lenders.

"The revolving period of this facility matures in February 2011. The company uses warehouse credit facilities for short-term financing of its receivables until it permanently finances the receivables in securitization transactions," officials pointed out.