AmeriCredit Corp. closed its smallest deal of the year last week, a $500 million subprime auto transaction, the company's first public deal with a senior/subordinate credit enhancement structure, according to spokeswoman Kim Pulliam.

Expect a $600 million to $800 million follow-up deal later this quarter from AmeriCredit, featuring the company's standard triple-A wrap structure (generally provided for by Financial Security Assurance).

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.