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GE CAPITAL PROVIDES FLEET FINANCING TO THRIFTY RENT-A-CAR

       GE CAPITAL PROVIDES FLEET FINANCING TO THRIFTY RENT-A-CAR
    CHICAGO, Dec. 16 /PRNewswire/ -- GE Capital Auto Fleet Financing and Services and Transportation & Industrial Funding announced today that it has provided $180 million in financing to Thrifty Rent-a-Car System, Inc.  The financing is in the form of a revolving credit facility for a portion of Thrifty's rental car fleet.
    Virginia Horgan Romans, vice president of GE Capital's Automotive Financing Group, said "Thrifty has been an impressive company which has experienced strong, profitable growth over the years in the leisure and small business traveler segment.  The financing provided by GE Capital was specifically tailored to meet Thrifty's growth needs.  It provides Thrifty with the flexibility to facilitate further expansion of its rental car fleet."
    Thrifty, headquartered in Tulsa, Okla., has over 750 rental car locations worldwide.  The company has been a leader in serving the value conscious rental car customer.  Its successful strategy has resulted in continual fleet expansion.  Steven Hildebrand, vice president and chief financial officer of Pentastar Transportation Group (parent of Thrifty) said, "This transaction has provided Thrifty with an important new source of fleet financing, which was one of our major objectives for 1991."
    GE Capital Auto Fleet Financing and Services provides competitive and high quality services to dealerships, automotive manufacturers, and the corporate sector through Distribution Financial Services and Auto Lease (GECAL) in Barrington, Ill. and Fleet Services, headquartered in Eden Prairie, Minn., Assets owned or managed by these auto businesses approximate $11 billion and include off-shore operations in Taiwan and the United Kingdom.
    GE Capital Transportation & Industrial Funding is known for its expertise and innovation in the structuring, underwriting and syndication of major capital investments in the energy, transportation and heavy industrial sectors.  The business has provided both debt and equity financing for acquisitions, growth financings, recapitalizations, sale and leasebacks, and off balance sheet financings.
    GE Capital, headquartered in Stamford, Conn., is one of the nation's largest diversified financial services companies, with assets in excess of $77.4 billion.
    -0-        12/16/91
    /CONTACT:  James J. Bolger, 708-304-3294, or Virginia Horgan Romans, 312-368-5076, of GE Capital/ CO:  General Electric Capital Corporation; Thrifty Rent-a-Car System,
     Inc. ST:  Illinois, Connecticut, Oklahoma IN:  FIN SU:  FNC FC-KW -- NY073 -- 2625 12/16/91 15:55 EST
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Publication:PR Newswire
Date:Dec 16, 1991
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