GMAC Financial Services Declares Final Monthly Distribution Date for Superior Wholesale...
GMAC Financial Services Declares Final Monthly Distribution Date for Superior
Wholesale Inventory Financing Trust X
DETROIT, July 14 /PRNewswire/ -- GMAC Financial Services today announced that
the final monthly distribution date for Superior Wholesale Inventory Financing
Trust X (SWIFT X) will occur on July 15, 2009. This will result in a
termination of all of the outstanding SWIFT X Floating Rate Asset-Backed Class
A, Class B and Class C Term Notes, Series 2004-A (Term Notes).
The remaining principal balance of the Term Notes will be paid on July 15,
2009, plus accrued interest from June 15, 2009. A total of $2,185,793,000 of
Term Notes was sold to the public in September 2004.
The Term Notes may be presented and surrendered for payment to The Bank of New
York Mellon Trust Company, N.A., Global Corporate Trust Services, P.O. Box
2320, Dallas, Texas 75221-2320. Interest on the Term Notes will cease to
accrue on and after July 15, 2009.
About GMAC Financial Services
GMAC is a bank holding company with 15 million customers worldwide. As a
global, independent financial services institution, GMAC's diversified
business operations include automotive finance, mortgage operations,
insurance, commercial finance and online banking. As of March 31, 2009, the
company had approximately $180 billion in assets. Visit the GMAC media site at
http://media.gmacfs.com for more information.
Contacts
Gina Proia
O: 917-369-2364
gina.proia@gmacfs.com
Chris McNamee
O: 917-369-2389
christopher.mcnamee@gmacfs.com
SOURCE GMAC Financial Services
Gina Proia, O: +1-917-369-2364, gina.proia@gmacfs.com, or Chris McNamee, O:
+1-917-369-2389, christopher.mcnamee@gmacfs.com
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