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Enterprise Rent-A-Car Prices $1B in 10-Year Notes At 8.00%

11 January 2001

Enterprise Rent-A-Car Prices $1 Billion in 10-Year Notes At 8.00 Percent

    ST. LOUIS--Jan. 10, 2001--Enterprise Rent-A-Car, through its wholly owned subsidiary of Enterprise Rent-A-Car USA Finance Company, successfully launched and priced $1 billion in 10-year notes at an 8.00 percent coupon. The major debt rating agencies reaffirmed Enterprise's solid investment-grade status by assigning the following ratings to these senior unsecured notes:

--	BBB+ (Standard & Poor's);
--	Baa1 (Moody's); and
--	A- (Fitch's).

    The notes will settle on January 16, 2001.
    The company offered the notes to qualified institutional buyers in a private placement. Enterprise routinely finances its growing operations through similar offerings and, to an increasing degree, through cash flows from its own operations. This is the largest debt placement deal in the company's history.