OFFER TO PURCHASE MADE BY PRINOVA WITH RESPECT TO AUTOLEND DEBT
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Exhibit (a) (1) (i)
OFFER TO PURCHASE FOR CASH:
AUTOLEND GROUP, INC.
FIVE-YEAR UNSECURED NON-INTEREST-BEARING DEBT OBLIGATIONS
AT 5% OR PRINCIPAL (FACE) VALUE
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THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE
AT 12:00 MIDNIGHT MOUNTAIN DAYLIGHT SAVINGS TIME ON DECEMBER 26, 2001,
UNLESS THE OFFER IS EXTENDED.
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To the Holders of Five-Year Non-interest-bearing Debt
(issued pursuant to the Third Amended Plan of Reorganization)
of AutoLend Group, Inc. made effective March 5, 1999) :
Prinova Capital Group, LLC, a New Mexico limited liability company located
in Albuquerque, New Mexico, USA, ("Prinova" or the "Offeror") offers to purchase
all of the five-year non-interest-bearing debt obligations (the "Debt") incurred
by AutoLend Group, Inc. ("AutoLend" or the "Company"), which was incurred
pursuant to the terms of the Company's Third Amended Plan of Reorganization,
which Plan was made effective March 5, 1999 by court order. The Offeror is
offering to purchase the Debt for case at a price (the "Purchase Price") equal
to 5% of the principal (face) value of the Debt. The offer, proration period
and withdrawal rights will expire at 12:00 midnight Mountain Daylight Savings
time on December 26, 2001 (the "Initial Expiration Date"), unless extended (the
Initial Expiration Date or the latest date to which the Offer is exented, the
"Expiration Date"), upon the terms and conditions set forth in this Offer to
Purchase and the related Letter of Transmittal (which together constitute the
"Offer"). The Debt is not currently traded on an established trading market.
The Offer is conditioned upon the tender of all debt held by any individual Debt
Xxxxxx.
THIS OFFER IS BEING MADE TO ALL DEBT HOLDERS
AND IS CONDITIONED UPON THE TENDER OF ALL
DEBT HELD BY AN INDIVIDUAL DEBT HOLDER.
THIS OFFER IS SUBJECT TO CERTAIN CONDITIONS. SEE SECTION 5.
IMPORTANT
If you desire to tender all or any portion of your Debt, you may do so by
completing and signing the Letter of Transmittal and mailing or delivering it
along with any other required documents to Xxxxxx X. Xxxxx, Esq., Xxxxx &
Xxxxxxxx, Attorneys, 000 Xxxxxxx Xxxxxx XX, Xxxxx 000, Xxxxxxxxxxx, Xxx Xxxxxx
00000.
NEITHER THE COMPANY NOT ITS BOARD OF DIRECTORS MAKES ANY RECOMMENDATIONS TO
ANY DEBT HOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING ALL OR ANY
PORTION OF SUCH DEBT HOLDER'S DEBT. DEBT HOLDERS ARE URGED TO EVALUATE CAREFULLY
ALL INFORMATION IN THE OFFER, CONSULT THEIR OWN INVESTMENT AND TAX ADVISERS AND
MAKE THEIR OWN DECISIONS WHETHER TO TENDER DEBT.
NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY RECOMMENDATION ON BEHALF OF THE
COMPANY OR THE OFFEROR AS TO WHETHER DEBT HOLDERS SHOULD TENDER DEBT PURSUANT TO
THE OFFER. NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY
REPRESENTATIONS IN CONNECTION WITH THE OFFER OTHER THAN THOSE CONTAINED HEREIN
OR IN THE LETTER OF TRANSMITTAL. IF GIVEN OR MADE, SUCH RECOMMENDATION AND SUCH
INFORMATION AND REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN
AUTHORIZED BY THE COMPANY OR THE OFFEROR.
Requests for additional copies of this Offer to Purchase and the Letter of
Transmittal should be directed to Xxxxxx X. Xxxxx, Esq., Xxxxx & Xxxxxxxx,
Attorneys, 000 Xxxxxxx Xxx. SW, Suite 000, Xxxxxxxxxxx, Xxx Xxxxxx 00000, attn:
Xxxxxx X. Xxxxx, Esq. Questions and requests for assistance may be directed to
Xx. Xxxxx at (000) 000-0000.
December 6, 2001
PRINOVA CAPITAL GROUP, LLC.
