TULSA, Okla. -- Dollar Thrifty Automotive Group Inc. announced the successful closing of three major financial transactions totaling more than $1 billion. These transactions include:

-- $300 million senior secured revolving credit facility (increased from $215 million). This facility matures in April 2009 and permits letter-of-credit usage of up to $300 million and working capital borrowings of up to $100 million.

-- $520 million secured 364-day revolving liquidity facility (increased from $485 million). This facility is provided by a group of A-1/P-1 rated financial institutions to support commercial paper issued by Dollar Thrifty Funding Corp. and is used to fund vehicle purchases.

-- $350 million variable funding note purchase facility (increased from $275 million). This 364-day facility is provided by bank affiliates of commercial paper conduits and is used to fund vehicle purchases.

"These facilities are key components of our overall financing plan," said CFO Steve Hildebrand. "The increases in financing capacity support our continued growth as the travel industry strengthens and as we carry out our franchise acquisition strategy."