FORT WORTH, Texas — General Motors Financial, formerly AmeriCredit, announced last week it created a fundamental change company notice and a notice of conversion procedure.

Management said these documents were mailed to the holders of notes issued pursuant to the indenture relating to its 0.75-percent convertible senior notes due 2011 and the indenture relating to its 2.125-percent convertible senior notes due 2013.

Officials explained this notice was mailed as a result of the fundamental change that occurred upon the consummation of the merger where GM absorbed AmeriCredit.

As a result of the merger, GM Financial pointed out the holders of notes may exercise their conversion rights and also have the right to require the company to repurchase their notes in accordance with the terms of the respective indenture under which the notes were issued.

The company indicated the notices state the fundamental change repurchase date is Dec 10 and repurchase rights expire at 5 p.m. ET on Dec. 9. GM Financial went on to mention the notice also sets forth the fundamental change repurchase price and the procedures for exercising the conversion rights and repurchase rights.

Executives emphasized the fundamental change repurchase price is equal to 100 percent of the principal amount of the notes to be repurchased, together with accrued and unpaid interest.

"The company previously disclosed the adjustment to the conversion rates of the notes in connection with the merger," executives stated.

In order to be entitled to such increase in the conversion rate, GM Financial said a holder of notes must surrender the Notes for conversion on or before Dec. 9.