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Investor Relations 2015 Newsroom
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12/24/15HC2 Completes Acquisition of Long-Term Care and Life Insurance Businesses from American Financial Group
Significant milestone for establishing HC2's insurance platform Acquisition includes $1.4 billion insurance investment portfolio Former NY State Insurance Superintendent, James Corcoran, to head insurance unit NEW YORK, Dec. 24, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or "the Company") (NYSE MKT:HCHC) today announced that it completed its acquisition of long-term care and life insurance businesses, United Teacher Associates Insurance Company ("UTAIC") and Continental Ge... 
12/17/15HC2’s Subsidiary, Global Marine, To Install Bali-Lombok Subsea Cable
Global Marine Systems Limited announced that it has secured a sub-contract to install approximately 48 km of optic cable between the Indonesian islands of Bali and Lombok. The main contract of this project was signed to the turnkey solution provider Huawei Marine. The main lay of the project will see cable surface laid between shore ends at Seraya on Bali and Senggigi on Lombok. Cable burial will take place at the Lombok end, where the beach comprises of volcanic sand. However, the Bal... 
12/16/15HC2’s Subsidiary, Nervve, Highlighted on SportTechie.com:
This Image Search Company Can Help Sports Brands Know If Their Money Is Well Spent
http://www.sporttechie.com/2015/12/15/wasserman-media-group-working-nervve-help-sports-brands-better-understand-reach/ Business partnerships and sponsorships on a global scale are placed at a $500 – $600 billion valuation. In the U.S, it is expected to exceed $21 billion in 2015, with more than 70% of it spent on sports-related ventures. These are huge numbers; but where is the proof that this money is well spent? How do companies measure the impact of these sponsorships or is it all just... 
11/26/15HC2's Subsidiary, Global Marine, Wins Contract for Neptune Deep Sea Research Observatory
Global Marine Systems Limited, the UK headquartered world leader in subsea cable route design, installation and maintenance, has secured a contract win from Ocean Networks Canada, to upgrade the fibre optic cables serving the NEPTUNE observatory off the west coast of Canada. An initiative of the University of Victoria, Ocean Networks Canada operates extensive monitoring networks and undersea observatories for scientific research to help communities, government and industry make informed decisi... 
11/18/15HC2’s Subsidiary, Global Marine Systems Limited, a Market Leader in Subsea Cable Installation and Maintenance, Launches Back into Power Market by Exhibiting at EWEA in Paris
In a major industry announcement, Global Marine Systems Limited, the UK headquartered world leader in subsea cable route design, installation and maintenance, is re-entering the power market after a brief absence. As of 16 November 2015, Global Marine will once again be available to offshore renewables and power market customers, bringing power and fibre optic connectivity to their systems. In fact, the company is already celebrating its first contract win, an inter-array project at the ... 
11/17/15MediBeacon Inc. Appoints Dr. Steven B. Miller to Board of Directors
ST. LOUIS – Nov. 17, 2015 – St. Louis-based MediBeacon™ Inc., maker of a proprietary noninvasive real-time monitoring system for kidney function, today announced the appointment of Dr. Steven B. Miller as an independent director, effective immediately. Dr. Miller joins MediBeacon co-founders Steven J. Hanley and Richard B. Dorshow, Ph.D., and Pansend Life Sciences LLC managing directors David Present, M.D., and Cherine Eldumiati Plumaker, on the board. Dr. Miller is currently the chief m... 
11/05/15HC2 to Receive $8.2 Million Dividend From Subsidiary, Schuff International, Inc.
NEW YORK, Nov. 05, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE:HCHC) today announced that it expects to receive an $8.2 million dividend from its subsidiary, Schuff International, Inc. (“Schuff”), on December 1, 2015. Including the expected dividend, HC2 will have received $16.4 million in total dividends from Schuff, as of December 1, 2015. On November 4, 2015, Schuff announced it will pay a dividend of $2.34 per share on December 1, 2015 to stockholders of r... 
11/05/15HC2 Announces Underwriter’s Exercise of Over-Allotment Option
NEW YORK, Nov. 05, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT:HCHC) today announced that Jefferies LLC, the underwriter of its previously announced underwritten public offering of 7,350,000 newly issued shares of the Company’s common stock, has exercised its over-allotment option to purchase an additional 1,102,500 shares of common stock at the public offering price of $7.00 per share, less underwriting discounts.  After giving effect to the over-allotment c... 
11/04/15HC2 Announces Pricing of Public Offering of 7,350,000 Shares of Common Stock
NEW YORK, Nov. 04, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT:HCHC) today announced the pricing of an underwritten public offering of 7,350,000 newly issued shares of the Company’s common stock at a price to the public of $7.00 per share. The gross proceeds from the offering are expected to be approximately $51,450,000, before deducting underwriting discounts and commissions and fees and offering expenses payable by the Company. All of the shares are being s... 
11/03/15HC2 Announces Proposed Registered Primary Offering of Approximately $50,000,000 of the Company’s Common Stock
NEW YORK, Nov. 03, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT:HCHC) today announced a proposed registered primary offering of approximately $50,000,000 of the Company’s common stock. The Company intends to use the net proceeds from the offering to finance investments in existing subsidiaries and operations, potential acquisitions, including all or a portion of the consideration for its pending insurance company acquisitions, development and redevelopment act... 
11/02/15HC2 Holdings Reports Third Quarter 2015 Results
Net Revenue of $277.5 Million for the Third Quarter 2015 and $760.3 Million for the 9 Months Ended September 30, 2015 Adjusted EBITDA of $24.7 Million From Our Primary Operating Subsidiaries NEW YORK, Nov. 02, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE MKT:HCHC), a diversified holding company that focuses on acquiring, investing in and operating businesses that it considers to be under or fairly valued and growing its acquired businesses, today announced its consolidated resul... 
10/29/15HC2 Holdings, Inc. to Hold a Call to Discuss Third Quarter Results
NEW YORK, Oct. 29, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE MKT:HCHC) will hold a conference call and webcast to discuss its consolidated results for the quarter ended September 30, 2015 at 10:00 a.m. (EST) on Monday, November 2, 2015.  The conference call will be broadcast live and can be accessed by dialing 1.866.395.3893 (domestic) or 1.678.509.7540 (international) and entering passcode 53945900. Interested parties should call at least ten (10) minutes prior to the call to registe... 
10/28/15Huawei Marine, a Joint Venture with HC2’s subsidiary, Global Marine Systems Limited, is contracted to build Cameroon-Brazil trans-Atlantic submarine cable to connect Africa to Latin America
... 
10/09/15HC2 Announces HRG Subsidiary's Private Offering of 4,678,395 Shares of HC2 Common Stock at $7.50 Per Share
NEW YORK , Oct. 09, 2015 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT:HCHC) today announced that one of its shareholders, HGI Funding, LLC ("HGI"), a subsidiary of HRG Group, Inc. , had entered into a definitive stock purchase agreement for the sale by HGI to certain purchasers of 4,678,395 shares of the Company common stock to certain purchasers named therein, for an aggregate purchase price of $35,087,962.50 , or $7.50 per share. HC2 will not receive any proceed... 
08/26/15HC2's Life Sciences Subsidiary, Pansend LLC, Enters Into Agreement With MediBeacon to Bring Breakthrough Noninvasive Real-Time Kidney Monitoring to Market
Proprietary Optical Renal Function Monitor Recently Completed First Human Clinical Trials NEW YORK, NY -- (Marketwired) -- 08/26/15 -- HC2 Holdings Inc. (NYSE MKT: HCHC) today announced that Pansend LLC, HC2's indirect wholly owned life sciences subsidiary, has entered into an agreement with MediBeacon Inc., maker of a proprietary noninvasive real-time monitoring system for kidney function. Pansend has agreed to provide $22.4 million in staged financing. The MediBeacon system uses an optical... 
08/10/15HC2 Holdings Reports Second Quarter 2015 Results
Net Revenue Up 39% Quarter-Over-Quarter to $281.0 Million; Adjusted EBITDA of $30.8 Million From Our Primary Operating Subsidiaries, Up 117% From Q1 NEW YORK, NY -- (Marketwired) -- 08/10/15 -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT: HCHC), a diversified holding company that focuses on acquiring, investing in and operating businesses that it considers to be under- or fairly valued and growing its acquired businesses, today announced its consolidated results for the second quart... 
08/03/15HC2 Holdings, Inc. to Hold a Call to Discuss Second Quarter Results
NEW YORK, NY -- (Marketwired) -- 08/03/15 -- HC2 Holdings, Inc. (NYSE MKT: HCHC) will hold a conference call and webcast to discuss its consolidated results for the quarter ended June 30, 2015 at 4:30 p.m. (EDT) on Monday, August 10, 2015. The conference call will be broadcast live and can be accessed by dialing 1.866.395.3893 (domestic) or 1.678.509.7540 (international) and entering passcode 98524143. Interested parties should call at least ten (10) minutes prior to the call to register. H... 
07/28/15Wasserman Media Group Partners With Nervve, A Visual Search Technology Company
Companies Join Forces to Deliver Full-Service Measurement and Analytics Platform to Brands and Properties in the Sports and Entertainment Industry LOS ANGELES, July 28, 2015 /PRNewswire/ -- Wasserman Media Group, a leading sports and entertainment agency, and Nervve, a revolutionary video and image recognition technology company, today announced a partnership between the two companies. With the agreement, Wasserman will work exclusively with Nervve to bring to market their visual search technol... 
06/23/15HC2 Revises Proposal to Acquire MCG Capital Corporation in Response to MCG Investor Presentation
NEW YORK, NY -- (Marketwired) -- 06/23/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCGC"), in response to MCGC's recent investor presentation, further modifying its proposed offer to purchase all of the outstanding shares of MCGC. The following is a copy of the letter sent to MCGC's Board of Directors by HC2 regarding its offer. June 23, 2015 Board of Directors MCG Capital Corporation 1001 19t... 
06/15/15HC2 Addresses Remaining Issues Raised by MCG Capital Corporation and Further Revises Offer
NEW YORK, NY -- (Marketwired) -- 06/15/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCG") addressing the statements made by MCG in its most recent investor presentation and has presented revised terms that should validate that the HC2 transaction is superior to the PennantPark transaction. The following is a copy of the letter sent to MCG's Board of Directors by HC2 regarding its offer. June 15, 2015 Board of Directo... 
06/03/15HC2 Revises Proposal to Acquire MCG Capital Corporation in Response to Inquiries From Significant MCGC Investors
NEW YORK, NY -- (Marketwired) -- 06/03/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCGC") modifying certain terms of its proposed offer to purchase all of the outstanding shares of MCGC. HC2's updated proposal is to acquire 100% of the common stock of MCGC on a fully-diluted basis in a cash and stock transaction in which stockholders of MCGC would receive $5.30 for each share of MCGC common stock outstanding, which is... 
06/02/15HC2 Addresses Statements Made by MCG Capital Corporation and Further Revises Offer
NEW YORK, NY -- (Marketwired) -- 06/02/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCGC") addressing inaccurate comments made by MCGC and highlighting their responsibility to maximize value for stockholders. HC2 has also modified certain terms that it believes makes the proposed offer even more attractive to MCGC stockholders. The following is a copy of the letter sent to MCGC's Board of Directors by HC2 regarding its... 
05/22/15HC2 Clarifies Acquisition Offer for Stockholders of MCG Capital Corporation
NEW YORK, NY -- (Marketwired) -- 05/22/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it would like to respond to statements made in the Form N-14 Registration Statement filed by PennantPark Floating Rate Capital Ltd. ("PennantPark") on May 18, 2015 (the "PennantPark Proxy Statement"), including the amount of consideration that MCG stockholders would receive under HC2's May 19th proposal to acquire MCG Capital Corporation ("MCG"). The PennantPark Proxy Statement states... 
05/20/15HC2 Holdings, Inc. to Hold Conference Call
NEW YORK, NY -- (Marketwired) -- 05/20/15 -- HC2 Holdings, Inc. (NYSE MKT: HCHC) will hold an informational conference call at 12:30 p.m. (EDT) on Friday, May 22, 2015. While this call is scheduled primarily for our bondholders as required by our bond indenture, the call will be open to all interested parties. HC2 plans to initiate quarterly earnings calls beginning in the second quarter of 2015 in conjunction with our earnings release. The conference call will be broadcast live and can be a... 
05/19/15HC2 Submits Revised Merger Proposal to MCG Capital Corporation
NEW YORK, NY -- (Marketwired) -- 05/19/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCGC") again proposing that the companies engage in discussions regarding an agreement for HC2 to acquire MCG. HC2's proposal is to acquire 100% of the common stock of MCGC on a fully-diluted basis in a cash and stock transaction in which stockholders of MCGC would receive $5.25 for each share of MCGC common stock outstanding. The cons... 
05/11/15HC2 Holdings Reports First Quarter 2015 Results
NEW YORK, NY -- (Marketwired) -- 05/11/15 -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT: HCHC), a diversified holding company that focuses on acquiring, investing in and operating businesses with attractive assets that it considers to be under- or fairly valued and growing its acquired businesses, today announced its consolidated results for the first quarter of fiscal 2015 ended on March 31, 2015. "The diversification of HC2 resulted in a strong first quarter, highlighted by the o... 
05/04/15HC2 Proposes Merger With MCG Capital Corporation
NEW YORK, NY -- (Marketwired) -- 05/04/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced today that it has sent a letter to MCG Capital Corporation ("MCGC") proposing that the companies immediately engage in discussions regarding an agreement to combine the companies. HC2's proposal is to acquire 100% of the common stock of MCGC on a fully-diluted basis in a cash and stock transaction in which stockholders of MCGC would receive $5.00 for each share of MCGC common stock outstanding. Th... 
04/14/15HC2 Signs Definitive Agreement for the Acquisition of American Financial Group's Long-Term Care Insurance Businesses
Significant milestone for establishing HC2's insurance platform Acquisition includes $1.2 billion insurance investment portfolio Former NY State Insurance Superintendent, Jim Corcoran, to head insurance unit HERNDON, VA -- (Marketwired) -- 04/14/15 -- HC2 Holdings, Inc. (NYSE MKT: HCHC) HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) is pleased to announce that it has signed a definitive agreement for the acquisition of long-term care and life insurance businesses, United Teacher Associat... 
03/23/15HC2 Holdings, Inc. Announces the Pricing of Its $50,000,000 Senior Secured Notes Offering
NEW YORK, NY -- (Marketwired) -- 03/23/15 -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT: HCHC) announced today the pricing of $50 million aggregate principal amount of 11.000% Senior Secured Notes due 2019 (the "notes") being offered by the Company in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The notes are to be issued at an issue price of 100.500% plus accrued interest from Novembe... 
03/23/15HC2 Holdings, Inc. Announces Launch of Its Senior Secured Notes Offering
NEW YORK, NY -- (Marketwired) -- 03/23/15 -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT: HCHC) announced today an offering of $30 million aggregate principal amount of 11.000% Senior Secured Notes due 2019 (the "notes"). The Company expects to use the net proceeds from the issuance of the notes for working capital for the Company and its subsidiaries and general corporate purposes. The offering is subject to market conditions and other factors. The notes will be issued under the sa... 
03/16/15HC2 Holdings Reports Fiscal Year 2014 Results
HERNDON, VA -- (Marketwired) -- 03/16/15 -- HC2 Holdings, Inc. ("HC2" or the "Company") (NYSE MKT: HCHC), a diversified holding company that focuses on acquiring, investing in and operating businesses with attractive assets that it considers to be under or fairly valued and growing its acquired businesses, today announced its consolidated results for the fourth quarter of fiscal 2014 ended on December 31, 2014 as well as the results for the full fiscal year ended on December 31, 2014. "Lookin... 
01/15/15HC2's Subsidiary DMi, Inc. Acquires Exclusive NASCAR Gaming Rights With Multi-Year Agreement
DMi, Based in Charlotte, Will Release NASCAR Titles Across Multiple Platforms, "Next Generation" Consoles HERNDON, VA -- (Marketwired) -- 01/15/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) today announced that its subsidiary, DMi, Inc., has acquired certain NASCAR-related assets from Eutechnyx and partnered with NASCAR Team Properties to acquire certain exclusive licensing rights as part of a multi-year agreement. DMi will publish a robust set of high quality NASCAR games for video game ... 
01/14/15HC2 Issues Correction to January 9, 2015 Press Release
HERNDON, VA -- (Marketwired) -- 01/14/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced a correction to its press release dated January 9, 2015 related to the issuance of 14,000 shares of Preferred Stock . In this press release, HC2 incorrectly stated that the Series A-2 Preferred Stock representing on an as-converted basis, 0.71% of HC2's outstanding common stock. The correct percentage is 7.1%. The other information in the January 9, 2015 press release is unchanged. About HC2 ... 
01/09/15HC2 Receives $9.7 Million Dividend From Its Subsidiary Global Marine and Issues $14 Million of Preferred Stock
HERNDON, VA -- (Marketwired) -- 01/09/15 -- HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) announced that its indirectly held subsidiary Global Marine declared and paid a $10 million dividend, of which HC2 received 97%. HC2 also announced it issued $14 million of Series A-2 Convertible Participating Preferred Stock ("Preferred Stock"). "We are pleased with the performance of Global Marine, which permitted the payment of the dividend, and the additional capital raise, with the sale of Preferred ... 
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