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Debt
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Debt
Debt
Debt consists of the following (in millions): 
 
 
June 30, 2015
 
December 31, 2014
 
 
North America
 
International
 
Total
 
North America
 
International
 
Total
Secured Debt
 
 
 
 
 
 
 
 
 
 
 


Revolving credit facilities
 
$
1,008

 
$
5,203

 
$
6,211

 
$
1,701

 
$
5,327

 
$
7,028

Securitization notes payable - consumer
 
15,435

 
2,790

 
18,225

 
13,253

 
2,868

 
16,121

Securitization notes payable - commercial
 
1,250

 
931

 
2,181

 
500

 
1,565

 
2,065

Total secured debt
 
$
17,693

 
$
8,924

 
$
26,617

 
$
15,454

 
$
9,760

 
$
25,214

 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Debt
 
 
 
 
 
 
 
 
 
 
 

Senior notes
 
$
12,862

 
$
1,281

 
$
14,143

 
$
7,846

 
$
604

 
$
8,450

Credit facilities
 

 
2,848

 
2,848

 

 
2,974

 
2,974

Other unsecured debt
 

 
722

 
722

 

 
793

 
793

Total unsecured debt
 
$
12,862

 
$
4,851

 
$
17,713

 
$
7,846

 
$
4,371

 
$
12,217


Secured Debt
Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged finance receivables and leases. Refer to Note 8 - "Variable Interest Entities" for additional information relating to our involvement with VIEs. During the six months ended June 30, 2015, we issued securitization notes payable of $6.8 billion through securitization transactions, and we entered into new credit facilities or renewed credit facilities with a total additional net borrowing capacity of $4.1 billion.
Unsecured Debt
In January 2015, our top-tier holding company issued $2.25 billion in senior notes comprised of $1.0 billion of 3.15% notes due in January 2020, $1.0 billion of 4.0% notes due in January 2025 and $250 million in floating rate notes due in January 2020. All of these notes are guaranteed by our principal operating subsidiary, AmeriCredit Financial Services, Inc. ("AFSI").
In February 2015, a European subsidiary issued €650 million of 0.85% notes under our Euro medium term notes program. These notes are due in February 2018. All of these notes are guaranteed by our top-tier holding company and by AFSI.
In April 2015, our top-tier holding company issued $2.4 billion in senior notes comprised of $850 million of 2.4% notes due in April 2018, $1.25 billion of 3.45% notes due in April 2022 and $300 million of floating rate notes due in April 2018. All of these notes are guaranteed by AFSI.
In May 2015, our primary Canadian operating subsidiary issued CAD$500 million of 3.08% notes due in May 2020. The notes are guaranteed by our top-tier holding company and by AFSI.
Subsequent to June 30, 2015, our top-tier holding company issued an additional $2.3 billion in senior notes comprised of $1.5 billion of 3.2% notes due in July 2020 and $800 million of 4.3% notes due in July 2025. All of these notes are guaranteed by AFSI.
The International Segment utilizes unsecured credit facilities with banks as well as non-bank funding sources. During the six months ended June 30, 2015, we increased borrowing capacity on unsecured committed credit facilities by $185 million.