/ CORRECTION - DH Capital, LLC
Market Wire, August, 2007
In the news release, "DH Capital Advises Helicon d/b/a JetBroadband on $19 Million Co-Investment From Intermediate Capital Group," issued Thursday, August 09, 2007, by DH Capital, LLC, we are advised by the company that the headline should read "DH Capital Advises Helicon d/b/a JetBroadband on $19 Million Investment From Intermediate Capital Group" rather than "DH Capital Advises Helicon d/b/a JetBroadband on $19 Million Co-Investment from Intermediate Capital Group." Also, the first paragraph should read "DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, announced today that Helicon Cable Holdings, LLC (d/b/a JetBroadband) has received an approximately $19 million investment consisting of preferred equity, senior subordinated notes, and junior subordinated notes from Intermediate Capital Group, plc ("ICG"). The investment from ICG was made in conjunction with JetBroadband's acquisition last week of Suddenlink's Virginia cable television systems." rather than "DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, announced today that Helicon Cable Holdings, LLC (d/b/a JetBroadband) has received an approximately $19 million co-investment consisting of preferred equity, senior subordinated notes, and junior subordinated notes from Intermediate Capital Group, plc ("ICG"). The co-investment from ICG was made in conjunction with JetBroadband's acquisition last week of Suddenlink's Virginia cable television systems." as originally issued. Complete corrected text follows.
DH Capital Advises Helicon d/b/a JetBroadband on $19 Million Investment From Intermediate Capital Group
NEW YORK, NY -- August 09, 2007 -- DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, announced today that Helicon Cable Holdings, LLC (d/b/a JetBroadband) has received an approximately $19 million investment consisting of preferred equity, senior subordinated notes, and junior subordinated notes from Intermediate Capital Group, plc ("ICG"). The investment from ICG was made in conjunction with JetBroadband's acquisition last week of Suddenlink's Virginia cable television systems.
MCG Capital Corporation (NASDAQ: MCGC) is the largest investor in JetBroadband, which is a broadband communications company with cable television systems serving 70,000 Revenue Generating Units in medium-sized communities in Virginia and West Virginia.
DH Capital served as exclusive financial advisor to JetBroadband on the capital placement.
About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet and telecommunications industries. Headquartered in New York, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions including private placements, mergers & acquisitions, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including mergers & acquisitions totaling in excess of $10 billion, private equity placements totaling more than $1 billion, and debt placements totaling in excess of $10 billion.
For additional information on DH Capital, please contact: DH Capital 212-774-3720 website: www.dhcapital.com
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