On February 25, 2009, Dollar Thrifty Automotive Group, Inc. (the "Company") announced amendments of its senior secured credit facility dated as of June 15, 2007 (as amended, the "Credit Agreement"), which is comprised of a revolving credit facility and a term loan with various financial institutions that are party to the Credit Agreement (the "Lenders"), and Deutsche Bank Trust Company Americas, as administrative agent for the Lenders, and also amended two fleet financing agreements with Chrysler Financial and another bank group. Under the Credit Agreement, the Company will no longer be required to maintain a minimum leverage ratio, but must maintain a minimum adjusted tangible net worth of $150 million and a minimum of $100 million of unrestricted cash and cash equivalents.

In connection with the amendment of the Credit Agreement, the Company prepaid $20 million of its term loan and permanently reduced the total revolving credit facility commitments to $231.3 million. In addition, the amendment provides that revolving credit facility commitments will be restricted to issuances of letters of credit in future periods. The amendments provide for a 50 basis point increase in the interest rate borne by outstanding debt under all three financing agreements, including letters of credit. The Company also paid one-time amendment fees of 50 basis points, based on outstanding commitments and/or loans. The Company used approximately $24 million of unrestricted cash for the term loan payment, fees and expenses associated with the amendments.

The foregoing description is qualified in its entirety by reference to the amendment attached hereto as Exhibit 10.207, which is incorporated herein by reference. The Company's press release relating to the amendment is attached hereto as Exhibit 99.1, which is also incorporated herein by reference.

(d) Exhibits

Exhibit No. Description




10.207       Fifth Amendment to Credit Agreement dated, as of February 25, 2009,
             among Dollar Thrifty Automotive Group, Inc., as borrower, Deutsche
             Bank Trust Company Americas, as administrative agent, and various
             financial institutions as are party thereto

99.1 News release of Dollar Thrifty Automotive Group, Inc. dated February 25, 2009: Dollar Thrifty Successfully Completes Lender Discussions