1.01. Entry into a Material
AFS SenSub Corp. (AFS SenSub), as depositor, and
AmeriCredit Financial Services, Inc. (AmeriCredit), as sponsor, will cause a newly formed issuing entity, AmeriCredit Automobile Receivables Trust 2020-2 (the Issuing
Entity), to issue $180,000,000 Class A-1 Asset Backed Notes (the Class A-1 Notes), $340,000,000 Class A-2-A Asset Backed Notes (the Class A-2-A Notes), $50,000,000 Class A-2-B Asset Backed Notes (the Class A-2-B Notes and together with the Class A-2-A Notes, the Class A-2 Notes), $183,200,000 Class A-3
Asset Backed Notes (the Class A-3 Notes), $80,130,000 Class B Asset Backed Notes (the Class B Notes), $99,460,000 Class C Asset Backed Notes (the Class
C Notes), $75,710,000 Class D Asset Backed Notes (the Class D Notes and together with the Class A-1 Notes, the Class A-2
Notes, the Class A-3 Notes, the Class B Notes and the Class C Notes, the Publicly Offered Notes), $31,500,000 Class E Asset Backed Notes (the Class E
Notes), and an Asset Backed Certificate (the Certificate), on July 22, 2020 (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 Publicly Offered Notes evidence indebtedness of the Issuing Entity, the assets of
which consist primarily of sub-prime automobile loan contracts (the Receivables) secured by new and used automobiles, light duty trucks and vans. The Publicly Offered Notes will
be sold to BNP Paribas Securities Corp. (BNP Paribas), Deutsche Bank Securities Inc. (Deutsche Bank Securities), J.P. Morgan Securities LLC (J.P. Morgan), Goldman Sachs & Co. LLC
(Goldman Sachs and collectively with BNP Paribas, Deutsche Bank Securities and J.P. Morgan, the Representatives), BB Securities Ltd. (BB Securities), Credit Agricole Securities (USA) Inc.
(Credit Agricole), Morgan Stanley & Co. LLC (Morgan Stanley) and RBC Capital Markets, LLC (RBC Capital and collectively with the Representatives, BB Securities, Credit Agricole and
Morgan Stanley, the Underwriters), pursuant to the Underwriting Agreement attached hereto as Exhibit 1.1, dated as of July 14, 2020 (the Underwriting Agreement), among AmeriCredit, AFS SenSub and the
The Issuing Entity was formed, and the Certificate will be issued, pursuant to the Trust Agreement,
attached hereto as Exhibit 4.2, dated as of June 4, 2020, as amended and restated as of July 22, 2020 (the Trust Agreement), between AFS SenSub and Wilmington Trust Company (WTC), as Owner
Trustee. The Notes will be issued pursuant to the Indenture, attached hereto as Exhibit 4.1, dated as of July 22, 2020 (the Indenture), between the Issuing Entity and The Bank of New York Mellon
(BNYM), as Trustee and Trust Collateral Agent.
AFS SenSub will purchase the Receivables from
AmeriCredit pursuant to the Purchase Agreement, attached hereto as Exhibit 10.1, dated as of July 22, 2020 (the Purchase Agreement), between AmeriCredit and AFS SenSub. The Issuing Entity will purchase the Receivables
from AFS SenSub pursuant to the Sale and Servicing Agreement, attached hereto as Exhibit 4.3, dated as of July 22, 2020 (the Sale and Servicing Agreement), among the Issuing Entity, AFS SenSub, AmeriCredit and BNYM, as
Trust Collateral Agent.