NEW YORK, NY--(Marketwire - August 14, 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.
Contact Information: For additional information on DH Capital, please contact:
DH Capital
212-774-3720
website: www.dhcapital.com