DEBT AND OTHER OBLIGATIONS - DOLLAR THRIFTY (Tables)

6 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Dollar Thrifty Automotive Group Inc.

Dec. 31, 2011

Dollar Thrifty Automotive Group Inc.

Debt and other obligations

Schedule of debt and other obligations

Our debt consists of the following (in millions of dollars):

Facility	Average Interest Rate at June 30, 2013(1)			Fixed or Floating Interest Rate	Maturity	June 30, 2013		December 31, 2012
Corporate Debt
Senior Term Facility		3.26	%	Floating	3/2018	$	2,114.8	$	2,125.5
Senior ABL Facility		2.89	%	Floating	3/2016		1,005.8		195.0
Senior Notes(2)		6.58	%	Fixed	4/2018 - 10/2022		3,900.0		3,650.0
Promissory Notes		6.96	%	Fixed	6/2012 - 1/2028		48.7		48.7
Other Corporate Debt		3.51	%	Floating	Various		58.5		88.7
Unamortized Net Premium (Corporate)							3.2		3.3
Total Corporate Debt							7,131.0		6,111.2
Fleet Debt
HVF U.S. ABS Program
HVF U.S. Fleet Variable Funding Notes:
HVF Series 2009-1(3)		1.04	%	Floating	3/2014		2,590.0		2,350.0
							2,590.0		2,350.0
HVF U.S. Fleet Medium Term Notes
HVF Series 2009-2(3)		5.37	%	Fixed	3/2013 - 3/2015		807.5		1,095.9
HVF Series 2010-1(3)		3.77	%	Fixed	2/2014 - 2/2018		749.8		749.8
HVF Series 2011-1(3)		2.86	%	Fixed	3/2015 - 3/2017		598.0		598.0
HVF Series 2013-1(3)		1.68	%	Fixed	8/2016 - 8/2018		950.0		—
							3,105.3		2,443.7
RCFC U.S. ABS Program
RCFC U.S. Fleet Variable Funding Notes
RCFC Series 2010-3 Notes(3)(4)		1.03	%	Floating	12/2013		540.0		519.0
RCFC U.S. Fleet Medium Term Notes
RCFC Series 2011-1 Notes(3)(4)		2.81	%	Fixed	2/2015		500.0		500.0
RCFC Series 2011-2 Notes(3)(4)		3.21	%	Fixed	5/2015		400.0		400.0
							1,440.0		1,419.0
Donlen ABS Program
Donlen GN II Variable Funding Notes(5)		1.00	%	Floating	12/2013		943.8		899.3
Other Fleet Debt
U.S. Fleet Financing Facility		2.95	%	Floating	9/2015		171.0		166.0
European Revolving Credit Facility		2.67	%	Floating	6/2015		357.9		185.3
European Fleet Notes		8.50	%	Fixed	7/2015		520.5		529.4
European Securitization(3)		2.50	%	Floating	7/2014		363.0		242.2
Hertz-Sponsored Canadian Securitization(3)		2.14	%	Floating	3/2014		124.2		100.5
Dollar Thrifty Sponsored Canadian Securitization(3)(4)		2.13	%	Floating	8/2014		76.4		55.3
Australian Securitization(3)(6)		4.17	%	Floating	12/2014		119.7		148.9
Brazilian Fleet Financing Facility		13.89	%	Floating	10/2013		13.0		14.0
Capitalized Leases		4.08	%	Floating	Various		429.6		337.6
Unamortized Discount (Fleet)							8.8		12.1
							2,184.1		1,791.3
Total Fleet Debt							10,263.2		8,903.3
Total Debt						$	17,394.2	$	15,014.5

Note:

For further information on the definitions and terms of our debt, see Note 5 of the Notes to our audited annual consolidated financial statements included in our Form 10-K under the caption "Item 8—Financial Statements and Supplementary Data."

(1)

As applicable, reference is to the June 30, 2013 weighted average interest rate (weighted by principal balance).

(2)

References to our "Senior Notes" include the series of Hertz's unsecured senior notes set forth in the table below. As of June 30, 2013 and December 31, 2012, the outstanding principal amount for each such series of the Senior Notes is as specified below.

	Outstanding Principal (in millions)
Senior Notes	June 30, 2013		December 31, 2012
4.25% Senior Notes due April 2018	$	250.0	$	—
7.50% Senior Notes due October 2018		700.0		700.0
6.75% Senior Notes due April 2019		1,250.0		1,250.0
5.875% Senior Notes due October 2020		700.0		700.0
7.375% Senior Notes due January 2021		500.0		500.0
6.25% Senior Notes due October 2022		500.0		500.0
	$	3,900.0	$	3,650.0

(3)

Maturity reference is to the "expected final maturity date" as opposed to the subsequent "legal maturity date." The expected final maturity date is the date by which Hertz and investors in the relevant indebtedness expect the relevant indebtedness to be repaid. The legal final maturity date is the date on which the relevant indebtedness is legally due and payable.

(4)

RCFC U.S. ABS Program and the Dollar Thrifty-Sponsored Canadian Securitization represent fleet debt acquired in connection with the Dollar Thrifty acquisition on November 19, 2012.

Our debt consists of the following (in millions of dollars):

Facility	Average Interest Rate at December 31, 2012(1)			Fixed or Floating Interest Rate	Maturity		December 31, 2012		December 31, 2011
Corporate Debt
Senior Term Facility		3.75	%	Floating		3/2018	$	2,125.5	$	1,389.5
Senior ABL Facility		2.47	%	Floating		3/2016		195.0		—
Senior Notes(2)		6.74	%	Fixed		10/2018 - 10/2022		3,650.0		2,638.6
Promissory Notes		6.96	%	Fixed		6/2012 - 1/2028		48.7		224.7
Other Corporate Debt		4.40	%	Floating		Various		88.7		49.6
Unamortized Net (Discount) Premium (Corporate)								3.3		(6.9	)
Total Corporate Debt								6,111.2		4,295.5
Fleet Debt
HVF U.S. ABS Program
HVF U.S. Fleet Variable Funding Notes:
HVF Series 2009-1(3)		1.11	%	Floating		3/2014		2,350.0		1,000.0
HVF Series 2010-2(3)		N/A		Floating		3/2013		—		170.0
HVF Series 2011-2(3)		N/A		Floating		4/2012		—		175.0
								2,350.0		1,345.0
HVF U.S. Fleet Medium Term Notes
HVF Series 2009-2(3)		5.11	%	Fixed		3/2013 - 3/2015		1,095.9		1,384.3
HVF Series 2010-1(3)		3.77	%	Fixed		2/2014 - 2/2018		749.8		749.8
HVF Series 2011-1(3)		2.86	%	Fixed		3/2015 - 3/2017		598.0		598.0
								2,443.7		2,732.1
RCFC U.S. ABS Program
RCFC U.S. Fleet Variable Funding Notes
RCFC Series 2010-3 Notes(3)(4)		1.06	%	Floating		12/2013		519.0		—
RCFC U.S. Fleet Medium Term Notes
RCFC Series 2011-1 Notes(3)(4)		2.81	%	Fixed		2/2015		500.0		—
RCFC Series 2011-2 Notes(3)(4)		3.21	%	Fixed		5/2015		400.0		—
								1,419.0		—
Donlen ABS Program
Donlen GN II Variable Funding Notes(3)		1.15	%	Floating		12/2013		899.3		811.2
Other Fleet Debt
U.S. Fleet Financing Facility		3.27	%	Floating		9/2015		166.0		136.0
European Revolving Credit Facility		2.86	%	Floating		6/2015		185.3		200.6
European Fleet Notes		8.50	%	Fixed		7/2015		529.4		517.7
European Securitization(3)		2.48	%	Floating		7/2014		242.2		256.2
Hertz-Sponsored Canadian Securitization(3)		2.16	%	Floating		6/2013		100.5		68.3
Dollar Thrifty Sponsored Canadian Securitization(3)(4)		2.13	%	Floating		8/2014		55.3		—
Australian Securitization(3)		4.61	%	Floating		12/2014		148.9		169.3
Brazilian Fleet Financing Facility		13.07	%	Floating		2/2013		14.0		23.1
Capitalized Leases		4.40	%	Floating		Various		337.6		363.7
Unamortized Net (Discount) Premium (Fleet)								12.1		(10.9	)
								1,791.3		1,724.0
Total Fleet Debt								8,903.3		6,612.3
Total Debt							$	15,014.5	$	10,907.8

(1)

As applicable, reference is to the December 31, 2012 weighted average interest rate (weighted by principal balance).

(2)

References to our "Senior Notes" include the series of Hertz's unsecured senior notes set forth in the table below. As of December 31, 2012 and December 31, 2011, the outstanding principal amount for each such series of the Senior Notes is also specified below.

	Outstanding Principal (in millions)
Senior Notes	December 31, 2012		December 31, 2011
8.875% Senior Notes due January 2014	$	—	$	162.3
7.875% Senior Notes due January 2014		—		276.3	€	(213.5	)
7.50% Senior Notes due October 2018		700.0		700.0
6.75% Senior Notes due April 2019		1,250.0		1,000.0
5.875% Senior Notes due October 2020		700.0		—
7.375% Senior Notes due January 2021		500.0		500.0
6.25% Senior Notes due October 2022		500.0		—
	$	3,650.0	$	2,638.6

(3)

Maturity reference is to the "expected final maturity date" as opposed to the subsequent "legal maturity date." The expected final maturity date is the date by which Hertz and investors in the relevant indebtedness expect the relevant indebtedness to be repaid. The legal final maturity date is the date on which the relevant indebtedness is legally due and payable.

(4)

RCFC U.S. ABS Program and the Dollar Thrifty-Sponsored Canadian Securitization represent fleet debt acquired in connection with the Dollar Thrifty acquisition on November 19, 2012.

Debt and other obligations as of September 30, 2012 and December 31, 2011 consist of the following (in thousands):

	September 30, 2012			December 31, 2011
Vehicle debt and other obligations
Asset-backed medium-term notes:
Series 2011-2 notes (matures May 2015)	$	400,000		$	400,000
Series 2011-1 notes (matures February 2015)		500,000			500,000
Series 2007-1 notes (matured July 2012)		—			500,000
		900,000			1,400,000
Discounts on asset-backed medium-term notes		(32	)		(45	)
Asset-backed medium-term notes, net of discount		899,968			1,399,955
Series 2010-3 variable funding notes (matures December 2013)		510,000			—
CAD Series 2012-1 notes (Canadian fleet financing) (matures August 2014)		71,169			—
Total debt and other obligations	$	1,481,137		$	1,399,955

	December 31,
	2011			2010
	(In Thousands)
Vehicle debt and other obligations
Asset-backed medium-term notes
Series 2011-2 notes (matures May 2015)	$	400,000		$	—
Series 2011-1 notes (matures February 2015)		500,000			—
Series 2007-1 notes (matures July 2012)		500,000			500,000
Series 2006-1 notes (matured May 2011)		—			500,000
		1,400,000			1,000,000
Discounts on asset-backed medium-term notes		(45	)		—
Asset-backed medium-term notes, net of discount		1,399,955			1,000,000
Series 2010-1 variable funding note (terminated October 2011)		—			200,000
CAD Series 2010-1 note (Canadian fleet financing) (terminated April 2011)		—			49,118
Total vehicle debt and other obligations		1,399,955			1,249,118
Non-vehicle debt
Term Loan		—			148,125
Total non-vehicle debt		—			148,125
Total debt and other obligations	$	1,399,955		$	1,397,243

Schedule of expected maturities of debt and other obligations

2014	$	7,028.3	(including $6,741.1 of other short-term borrowings*)
2015	$	2,124.4
2016	$	1,140.0
2017	$	366.5
2018	$	2,819.1
After 2018	$	3,903.9

_______________________________________________________________________________

* Our short-term borrowings as of June 30, 2013 include, among other items, the amounts outstanding under the Senior ABL Facility, HVF U.S. Fleet Variable Funding Notes, RCFC U.S. Fleet Variable Funding Notes, Donlen GN II Variable Funding Notes, U.S. Fleet Financing Facility, European Revolving Credit Facility, European Securitization, Hertz-Sponsored Canadian Securitization, Dollar Thrifty-Sponsored Canadian Securitization, Australian Securitization, Brazilian Fleet Financing Facility and Capitalized Leases. These amounts are reflected as short-term borrowings, regardless of the facility maturity date, as these facilities are revolving in nature and/or the outstanding borrowings have maturities of three months or less. As of June 30, 2013, short-term borrowings had a weighted average interest rate of 1.8%.

The aggregate amounts of maturities of debt for each of the twelve-month periods ending December 31 (in millions of dollars) are as follows:

2013	$	5,744.1	(including $5,244.0 of other short-term borrowings*)
2014	$	1,122.1
2015	$	1,894.1
2016	$	267.1
2017	$	219.2
After 2017	$	5,752.5

_______________________________________________________________________________

* Our short-term borrowings as of December 31, 2012 include, among other items, the amounts outstanding under the Senior ABL Facility, HVF U.S. Fleet Variable Funding Notes, RCFC U.S. Fleet Variable Funding Notes, Donlen GN II Variable Funding Notes, U.S. Fleet Financing Facility, European Revolving Credit Facility, European Securitization, Hertz-Sponsored Canadian Securitization, Dollar Thrifty-Sponsored Canadian Securitization, Australian Securitization, Brazilian Fleet Financing Facility and Capitalized Leases. These amounts are reflected as short-term borrowings, regardless of the facility maturity date, as these facilities are revolving in nature and/or the outstanding borrowings have maturities of three months or less. As of December 31, 2012, short-term borrowings had a weighted average interest rate of 1.8%.

Expected maturities of debt and other obligations outstanding at December 31, 2011 are as follows:

	2012		2013		2014		2015		Thereafter
	(In Thousands)
Asset-backed medium-term notes	$	500,000	$	—	$	400,000	$	500,000	$	—