FORT WORTH, Texas — General Motors Financial, formerly AmeriCredit, announced it has successfully been incorporated into General Motors.

Basically, GM Financial is the surviving corporation of AmeriCredit's merger with Goalie Texas Holdco Inc. and became a wholly owned subsidiary of GM Holdings and a wholly owned indirect subsidiary of General Motors. The effective date of the merger is Oct. 1.

In accordance with Section 15.03(b) of the indentures, GM Financial said it is required to give notice of the amounts by which the conversion rates of the notes have been increased.

"In accordance with Section 15.03 of the indentures, in connection with the Make-Whole Fundamental Change, GM Financial has increased the conversion rate applicable to the notes entitled to such increase as provided in each of the indentures. Pursuant to the indentures, the notes are convertible solely for cash. The adjusted conversion rate for the 2011 notes is 40.8444 shares of GM Financial common stock per $1,000 principal amount of 2011 notes, which would result in a cash payment of $1,000.69 per $1,000 principal amount of 2011 notes duly surrendered for conversion," officials reported.

"The adjusted conversion rate for the 2013 notes is 40.8495 shares of GM Financial common stock per $1,000 principal amount of 2013 notes, which would result in a cash payment of $1000.81 per $1,000 principal amount of 2013 notes duly surrendered for conversion," they added.

Management explained that the increase was calculated by adding the conversion rate that would otherwise apply to the notes plus an amount equal to the applicable Make-Whole Conversion Rate Adjustment determined in accordance with the terms of each of the indentures.

"On or before the 12th day after the effective date of the merger, GM Financial will also provide to all holders of record of the notes a ‘Fundamental Change Company Notice' specifying, among other things, the time periods during which the notes must be surrendered in order to be entitled to any such increase in the conversion rate, which will be not less than 20 business days and not more than 35 business days after the date of the "Fundamental Change Company Notice,'" management indicated.