Waller Capital Advises JetBroadband on its acquisition of Suddenlink’s Virginia Cable Systems

Stamford, Connecticut

JetBroadband Completes Acquisition of Suddenlink’s Virginia Cable Systems

JetBroadband VA, LLC has completed its acquisition of the Virginia cable systems of Cebridge Acquisition, LLC (d/b/a “Suddenlink”). The acquired systems were previously acquired by Suddenlink from Charter Communications, Inc. in 2006. They serve approximately 40,000 Revenue Generating Units in the VA communities of Radford, Glade Hill, Bedford, Rocky Mount, Christiansburg, Farmville, Clarksville, Lawrenceville, Keysville, Charlotte Court House, Kenbridge, Dante, and Lebanon.

JetBroadband President David Baum, said “JetBroadband is pleased to have been afforded this opportunity to acquire Suddenlink’s cable assets serving our neighboring communities in Virginia. We look forward to building on Suddenlink’s success in these markets, by introducing advanced services, like High Definition Television, Digital Video Recorders and Digital Telephone in the months to come. In addition, we are confident our local management team is fully prepared to manage these systems through a smooth integration with JetBroadband’s existing operations. To all our new customers and employees-Welcome Aboard.”

JetBroadband is a broadband communications company focused on serving medium-sized communities in Virginia and West Virginia. In addition to the communities listed above, Jet also serves Appomattox, Rustburg, Campbell County, Blackstone, Crewe, & Wytheville, VA. JetBroadband serves approximately 70,000 Revenue Generating Units with a wide range of broadband services over an advanced digital network. MCG Capital Corporation (NASDAQ: MCGC) is JetBroadband’s largest investor and, along with Intermediate Capital Group, plc, provided the majority of the equity for this transaction. TD Securities provided the senior debt financing. More information about JetBroadband can be found at www.jetbroadband.com.

Waller Capital Partners, LLC initiated the transaction and served as JetBroadband’s exclusive financial advisor.

Suddenlink is the 8th largest cable operator in the US, supporting the information, communications, and entertainment demand of approximately 1.4 million customers. In a growing number of markets, Suddenlink offers digital TV, high speed Internet, and telephone service for home and office. Private owners of Suddenlink include GS Capital Partners (the private equity arm of The Goldman Sachs Group, Inc.), The Quadrangle Group, LLC and Oaktree Capital Management, LLC. More information about Suddenlink can be found at www.suddenlink.com.