GMAC Exercises Option to Purchase Capital Auto Receivables Asset Trust 2000-1
07 November 2003 - 2:40PM
PR Newswire (US)
GMAC Exercises Option to Purchase Capital Auto Receivables Asset
Trust 2000-1 DETROIT, Nov. 7 /PRNewswire/ -- General Motors
Acceptance Corporation (GMAC) announced today that it will exercise
its option to purchase the remainder of the Capital Auto
Receivables Asset Trust 2000-1 on November 17, 2003. This will
result in a termination of all of the outstanding Capital Auto
Receivables Asset Trust 2000-1 Class B 7.2800% Asset Backed
Certificates. The Certificates will be purchased at $72.5248037 per
$1,000 face amount, plus accrued interest from October 15, 2003. A
total of $65,814,649.58 of Capital Auto Receivables Asset Trust
2000-1 Class B 7.2800% Asset Backed Certificates were sold to the
public in April 2000. The Certificates may be presented and
surrendered for payment to Deutsche Bank, DB Services Tennessee,
Inc., Corporate Trust & Agency Services, Securities Payment
Unit, 648 Grassmere Park Road, Nashville, TN, 37211. Interest on
the Certificates will cease to accrue on and after November 17,
2003. DATASOURCE: General Motors Acceptance Corporation CONTACT:
Anne Marie Sylvester of General Motors Acceptance Corporation,
+1-248-263-3060, Web site: http://media.gm.com/ http://www.gm.com/
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