This excerpt taken from the AN 10-K filed Feb 17, 2010.
Available Liquidity Resources
We had the following sources of liquidity available for the years ended December 31:
At December 31, 2008, the aggregate capacity under these facilities was $230.0 million. As of that date, $105.0 million had been borrowed under these facilities. The remaining borrowing capacity of $125.0 million was not available since all of our eligible used vehicle inventory had been pledged as collateral.
In the ordinary course of business, we are required to post performance and surety bonds, letters of credit, and/or cash deposits as financial guarantees of our performance. At December 31, 2009, surety bonds, letters of credit, and cash deposits totaled $96.4 million, including the $64.7 million of letters of credit outstanding under our revolving credit facility. We do not currently provide cash collateral for outstanding letters of credit.
In February 2009, we filed a shelf registration statement with the SEC that enables us to offer for sale, from time to time and as the capital markets permit, an unspecified amount of common stock, preferred stock, debt securities, warrants, subscriptions rights, depositary shares, stock purchase contracts and units.