AFS SenSub Corp.

10/17/2024 | Press release | Distributed by Public on 10/17/2024 14:20

Material Agreement Form 8 K

Item 1.01.

Entry into a Material Definitive Agreement.

AFS SenSub Corp. ("AFS SenSub"), as depositor, and AmeriCredit Financial Services, Inc. d/b/a GM Financial ("GM Financial"), as sponsor, have caused a newly formed issuing entity, GM Financial Consumer Automobile Receivables Trust 2024-4 (the "Issuing Entity"), to issue $249,000,000 Class A-1 4.737% Asset Backed Notes (the "Class A-1 Notes"), $190,000,000 Class A-2-A 4.53% Asset Backed Notes (the "Class A-2-A Notes"), $285,390,000 Floating Rate Asset Backed Notes (the "Class A-2-B Notes"), $412,880,000 Class A-3 4.40% Asset Backed Notes (the "Class A-3 Notes"), $92,000,000 Class A-4 4.44% Asset Backed Notes (the "Class A-4 Notes"), $20,890,000 Class B 4.67% Asset Backed Notes (the "Class B Notes" and together with the Class A-1 Notes, the Class A-2-A Notes, the Class A-2-B Notes, the Class A-3 Notes and the Class A-4 Notes, the "Publicly Offered Notes"), $19,580,000 Class C 4.76% Asset Backed Notes (the "Class C Notes") and $16,330,000 Class D 0.00% Asset Backed Notes (the "Class D Notes" and together with the Class C Notes and the Publicly Offered Notes, the "Notes"), and an Asset Backed Certificate (the "Certificate"), on October 16, 2024 (the "Closing Date"). The Publicly Offered Notes will be registered under the Registration Statement. This Current Report on Form 8-K is being filed to satisfy an undertaking to file copies of certain agreements to be executed in connection with the issuance of the Publicly Offered Notes, the forms of which were filed as Exhibits to the Registration Statement.

The Notes evidence indebtedness of the Issuing Entity, the assets of which consist primarily of "prime" automobile loan contracts (the "Receivables") secured by new and used automobiles, light duty trucks and utility vehicles. The Publicly Offered Notes will be sold to Mizuho Securities (USA) LLC ("Mizuho" or the "Representative"), Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., CIBC World Markets Corp. and R. Seelaus & Co., LLC, pursuant to the Underwriting Agreement attached hereto as Exhibit 1.1, dated as of October 8, 2024 (the "Underwriting Agreement"), among GM Financial, AFS SenSub and the Representative.