Dollar Thrifty Automotive Group Prices Common Stock Offering
29 October 2009 - 12:39PM
PR Newswire (US)
TULSA, Okla., Oct. 28 /PRNewswire-FirstCall/ -- Dollar Thrifty
Automotive Group, Inc. (NYSE:DTG) announced today that it has
priced a public offering of 5,750,000 shares of its common stock at
a price to the public of $19.25 per share. The underwriters will
have a 30-day option to purchase up to an additional 862,500 shares
of common stock from the Company. The offering is expected to close
on November 3, 2009, subject to customary closing conditions.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO) The
Company intends to use the net proceeds from the offering, which
are expected to be approximately $105 million (without giving
effect to any exercise of the underwriters' option to purchase
additional shares), for general corporate purposes. Goldman, Sachs
& Co. and J.P. Morgan Securities Inc. are serving as joint
book-running managers for the offering. The shares are being
offered pursuant to the Company's effective shelf registration
statement on file with the Securities and Exchange Commission. The
offering is being made only by means of a prospectus and related
prospectus supplement, which may be obtained by visiting the SEC's
website at http://www.sec.gov/ or by contacting Goldman, Sachs
& Co. (Attention: Prospectus Department, 85 Broad Street, New
York, New York 10004; telephone: (917) 343-8000; facsimile: (212)
902-9316; email: ) or J.P. Morgan Securities Inc. (Attention:
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717; telephone: (631) 254-1735). This press release does
not constitute an offer to sell or the solicitation of an offer to
buy the common stock, nor shall there be any such offer or
solicitation or any sale of the common stock in any jurisdiction in
which such offer, solicitation or sale would be unlawful. About
Dollar Thrifty Automotive Group, Inc. Dollar Thrifty Automotive
Group, Inc. is headquartered in Tulsa, Oklahoma. Driven by the
mission "Value Every Time," the Company's brands, Dollar Rent A Car
and Thrifty Car Rental, serve value-conscious travelers in over 70
countries. Dollar and Thrifty have over 600 corporate and
franchised locations in the United States and Canada, operating in
virtually all of the top U.S. and Canadian airport markets. The
Company's approximately 6,400 employees are located mainly in North
America, but global service capabilities exist through an expanding
international franchise network.
http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO
http://photoarchive.ap.org/ DATASOURCE: Dollar Thrifty Automotive
Group, Inc. CONTACT: financial, H. Clifford Buster III, Chief
Financial Officer, +1-918-669-3277, or media, Chris Payne, Senior
Manager, Corporate Communications, +1-918-669-2236, , both of
Dollar Thrifty Automotive Group, Inc. Web Site:
http://www.dtag.com/
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