SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 20, 2021
GM Financial Consumer Automobile Receivables Trust 2021-1
(Exact name of registrant as specified in its charter)
AFS SenSub Corp.
(Exact name of depositor as specified in its charter)
AmeriCredit Financial Services, Inc.
(Exact name of sponsor as specified in its charter)
|(State or Other Jurisdiction of Incorporation)|
(I.R.S. Employer Identification
c/o AmeriCredit Financial Services, Inc.
Attention: Frank E. Brown III, Esq.
801 Cherry Street, Suite 3500
Fort Worth, Texas
(Address of Principal Executive Offices)
Registrant’s telephone number including area code - (817) 302-7000
(Former name or former address, if changed since last report)
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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 2021-1 (the “Issuing Entity”), to issue $251,000,000 Class A-1 0.15333% Asset Backed Notes (the “Class A-1 Notes”), $578,070,000 Class A-2 0.23% Asset Backed Notes (the “Class A-2 Notes”), $578,070,000 Class A-3 0.35% Asset Backed Notes (the “Class A-3 Notes”), $139,690,000 Class A-4 0.54% Asset Backed Notes (the “Class A-4 Notes”), $26,290,000 Class B 0.75% Asset Backed Notes (the “Class B Notes”), $24,640,000 Class C 1.04% Asset Backed Notes (the “Class C Notes” and together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes, the “Publicly Offered Notes”), $20,550,000 Class D 0.00% Asset Backed Notes (the “Class D Notes” and together with the Publicly Offered Notes, the “Notes”), and an Asset Backed Certificate (the “Certificate”), on January 20, 2021 (the “Closing Date”). The Publicly Offered Notes will be registered under the Registration Statement filed by the Registrant and AFS SenSub Corp. with the Securities and Exchange Commission under the file number 333-249515.
This Current Report on Form 8-K is being filed in connection with the issuance of the Publicly Offered Notes to satisfy an undertaking to file unqualified validity and tax opinions at the time of each takedown from the Registration Statement. Copies of the validity and tax opinions delivered by Katten Muchin Rosenman LLP, counsel to the Registrants, in connection with the issuance of the Publicly Offered Notes are attached hereto as Exhibits 5.1 and 8.1, respectively.
Financial Statements, Pro Forma Financial Information and Exhibits.
|GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2021-1|
|AmeriCredit Financial Services, Inc. d/b/a GM Financial, as Servicer|
/s/ Frank E. Brown III
|Frank E. Brown III|
|Senior Vice President, Corporate Counsel and Secretary|
Dated: January 20, 2021