FORT WORTH, Texas — To raise more capital to generate more auto loans, GM Financial announced Wednesday the pricing of an $800 million offering of auto asset-backed securities.

The securities were priced through lead managers Barclays Capital, Credit Suisse and Wells Fargo Securities.

Co-managers include Deutsche Bank Securities, J.P. Morgan and RBS.

"GM Financial uses net proceeds from securitization transactions for long-term financing of its receivables," officials highlighted.

The securities will be issued via an owner trust called AmeriCredit Automobile Receivables Trust 2011-1, in seven classes of notes:

Note Class: A-1

Amount: $138 million

Average Life: 0.20 years

Price: 100.00000

Interest Rate: 0.32163 percent

Standard & Poors: A-1+ (sf)

Moody's: Prime-A (sf)

Note Class: A-2

Amount: $225 million

Average Life: 0.95 years

Price: 99.99573

Interest Rate: 0.84 percent

S&P: AAA (sf)

Moody's: Aaa (sf)

Note Class: A-3

Amount: $174 million

Average Life: 2.16 years

Price: 99.98741

Interest Rate: 1.39 percent

S&P: AAA (sf)

Moody's: Aaa (sf)

Note Class: B

Amount: $61.544 million

Average Life: 2.96 years

Price: 99.97737

Interest Rate: 2.19 percent

S&P: AA (sf)

Moody's: Aa1 (sf)

Note Class: C

Amount: $76.393 million

Average Life: 3.52 years

Price: 99.97351

Interest Rate: 2.85 percent

S&P: A (sf)

Moody's: Aa3 (sf)

Note Class: D

Amount: $75.119 million

Average Life: 4 years

Price: 99.97843

Interest Rate: 4.26 percent

S&P: BBB (sf)

Moody's: Baa2 (sf)

Note Class: E

Amount: $19.944 million

Average Life: 4 years

Price: 99.99476

Interest Rate: 6.23 percent

S&P: BB (sf)

Moody's: Ba2 (sf)

The weighted average coupon on the notes to be paid by GM Financial is 2.5 percent.

The 2011-1 transaction will have an initial credit enhancement of 7.75 percent, consisting of 2.00 percent cash deposit and 5.75 percent overcollateralization. Total required enhancement will build to 14.75 percent of the then-outstanding receivable pool balance, which includes the initial 2.00 percent cash deposit, officials said.

Copies of the prospectus relating to the public offering of receivables-backed securities can be obtained from the lead managers and co-managers.

The Class E notes have been privately offered via a private placement memorandum.