AmeriCredit Corp. plans to issue an estimated $1 billion in auto-loan asset-backed securities in the fourth quarter, through a four-class offering backed by nonprime auto loans, according to a shelf filing.

"It's safe to say we will be prepared to do a deal as soon as Oct. 1," said AmeriCredit's Vice Chairman and CFO Dan Berce, "and [we] will come to market as soon as conditions are suitable."

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.