Dollar Thrifty Automotive Group Announces Pricing of $500 Million of Medium-Term Asset Backed Notes

Dollar Thrifty Automotive Group, Inc. DTG today announced that Rental Car Finance Corp. ("RCFC"), a special purpose Oklahoma corporation and wholly owned subsidiary of the Company, priced $500 million in aggregate principal amount of medium-term Series 2011-1 rental car asset backed notes. The notes will be issued in two separate classes, with senior Class A notes and subordinated Class B notes. The $420 million of Class A notes were priced with an annual coupon of 2.51%, while the $80 million of Class B notes were priced with an annual coupon of 4.38%. On a blended basis, the average annual coupon on the combined $500 million principal amount of notes is approximately 2.81%. The Class B Notes will be subordinated to the Class A notes, and both series of notes will have expected final payment dates in February 2015.