Experian
12.00
FORT WORTH, Texas — This week, General Motors Financial announced
the pricing of a $1.3 billion offering of automobile receivables-backed
securities through lead managers Deutsche Bank Securities, RBS and Wells Fargo
Securities.

The co-managers are Citigroup, Credit Suisse, Morgan Stanley
and RBC Capital Markets.

GM Financial reiterated that it uses net proceeds from
securitization transactions for long-term financing of its receivables.

The securities will be issued via an owner trust,
AmeriCredit Automobile Receivables Trust 2012-4, in seven classes of notes:

 Note Class
 Amount  Average
Life
 Price  Interest
Rate
 A-1  $191,100,000  0.18
years
 100.00000  .30000%
 A-2  $462,000,000  0.99
years
 99.99656  0.49%
 A-3  $270,280,000  2.26
years
 99.98423  0.67%
 B  $99,470,000  3.04
years
 99.98102  1.31%
 C  $123,480,000  3.59
years
 99.98550  1.93%
 D  $121,430,000  4.04
years
 99.96607  2.68%
 E  $32,240,000  4.05
years
 99.98364  3.82%
   $1,300,000,000      

The weighted average coupon on the notes to be paid by GM
Financial is 1.5 percent.

The note Classes are rated by Fitch and Standard &
Poor's. The ratings by note class will be at least:

 Note Class
 Fitch
 S&P
 A-1  F1+
(sf)
 A-1+
(sf)
 A-2  AAA (sf)  AAA (sf)
 A-3  AAA
(sf)
 AAA
(sf)
 B  AA
(sf)
 AA
(sf)
 C  A
(sf)
 A
(sf)
 D  BBB
(sf)
 BBB
(sf)
 E  BB
(sf)
 BB
(sf)

GM Financial explained the 2012-4 transaction will have
initial credit enhancement of 7.25 percent, consisting of a 2.00 percent cash
deposit and 5.25 percent overcollateralization.

The company added the total required enhancement will build
to 14.25 percent of the then-outstanding receivable pool balance, which
includes the initial 2.00 percent cash deposit.

Officials pointed out copies of the prospectus relating to
the public offering of receivables-backed securities may be obtained from the
lead managers and co-managers.

"The Class E Notes have been privately offered via a private
placement memorandum which may be obtained from the lead managers," GM
Financial said.

"This press release shall not constitute an offer to sell or
the solicitation of an offer to buy the securities described in this press
release, nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state," management added.