With the deadline just two weeks away, now’s the time to nominate executives and companies for the 2012 Auto Finance Excellence Awards, which celebrate achievement in the auto lending and leasing arena.
These awards recognize executives or companies that have made the greatest contribution to the auto lending and leasing industry in the past year. The awards will be announced at the Auto Finance Summit 2012 in late October and in Auto Finance News.
Executives or companies may be nominated for their:
• Overall lifetime achievements and/or contributions to the advancement of automotive financing;
• Charitable and/or community activities;
• Specific innovations in product development, management, and/or strategy; or
• Involvement in specifically noteworthy deals and/or joint ventures.
Submit nominations at www.AutoFinanceExcellence.com until Sept. 21.
Marcie: This has been priced into GMAC debt since mid March. GMAC has several billion in callable bonds all with coupons above 6%. The FDIC debt so far has been priced below 2.3% and this upcoming traunch will probably be priced similarily. This will be very good news for existing GMAC bond holders as the market value of the existing GMAC debt will get market support and GMAC will begin calling their high coupon pieces as soos as possible. All of this restructuring will give GMAC a terrific leg up going into 2010 and will be enough to carry them into 2012. .Most of their current debt is callable in 2012 and after. GMAC is on a path to a very good looking balance sheet… add in an uptick in auto finance in 2011 and 2012 and we taxpayers stand to make a good return on our investment.