Attachment Attachment 1

This document pretains to ITC-T/C-20180223-00036 for Transfer of Control on a International Telecommunications filing.

IBFS_ITCTC2018022300036_1342991

International Section 214


                                      ATTACHMENT 1

Question 9

        This application serves to notify the Commission of a pro forma transaction that occurred
on January 31, 2018, resulting in the transfer of control of International Section 214
authorization holders, Hargray, Inc., Hargray of Georgia, Inc., and Low Country Carriers, Inc.
The authorization holders are indirectly, wholly owned by Hargray Acquisition Holdings, LLC
(“Hargray Acquisition”). Prior to the transaction, TPO-Hargray, LLC (“TPO-Hargray”) owned a
greater than 50 percent interest in Hargray Acquisition, and also had de facto control of Hargray
Acquisition pursuant to the terms of the limited liability company agreement of Hargray
Acquisition. Upon the closing of the transaction, TPO-Hargray’s ownership interest in Hargray
Acquisition was reduced to less than 50 percent as a result of the addition of an equity investor.
Specifically, the addition of an approximately 3% equity owner diluted TPO-Hargray’s interest
from 51.8% to 49.88%, thus resulting in a de jure transfer of control. However, TPO-Hargray
maintains de facto control of Hargray Acquisition. Therefore, the transaction is pro forma in
nature.

Question 10

       Section 63.18(c): Contact points for this application

       Transferor:

       Derek Arend
       TPO-Hargray, LLC
       350 S. Main Ave.
       Suite 401
       Sioux Falls, SD 57104
       (605) 221-6235
       darend@maroonptc.com

       Transferee:

       Andrew Rein
       Hargray Acquisition Holdings, LLC
       870 C William Hilton Parkway
       Hilton Head Island, SC 29938
       (843) 686-1246
       andrew.rein@htc.hargray.com

       Counsel for both Transferor and Transferee:

       Elizabeth R. Park
       Latham & Watkins LLP
       555 Eleventh Street, NW
       Suite 1000

                                                1


       Washington, DC 20004
       (202) 637-1056
       Elizabeth.Park@lw.com

       Section 63.18(d): Previous grants of International Section 214 authority

        Neither TPO-Hargray, nor Hargray Acquisition has received International Section 214
authority. The following indirect, wholly owned subsidiaries of Hargray Acquisition hold
International Section 214 authority:

              Hargray, Inc. (resale authority under File No. ITC-214-20010816-00430)
              Hargray of Georgia, Inc. (resale authority under File No. ITC-214-20011022-00534)
              Low Country Carriers, Inc. (facilities-based and resale authority under File No. ITC-
               214-19890109-00003)

Question 11

Direct Ownership of Hargray Acquisition

      TPO-Hargray, LLC: TPO-Hargray, LLC (“TPO-Hargray”), a Delaware limited liability
company, holds approximately 49.88% of the common equity interest of Hargray Acquisition.
TPO-Hargray is a holding company for the investment in Hargray Acquisition.

       Redwood Cable Holdings, LLC: Redwood Cable Holdings, LLC (“Redwood Cable”), a
Delaware limited liability company, holds approximately 21.38% of the common equity interest
of Hargray Acquisition. Redwood Cable is a holding company for the investment in Hargray
Acquisition.

       Stephens Hargray Cable, LLC: Stephens Hargray Cable, LLC (“Stephens Cable”), an
Arkansas limited liability company, holds approximately 18.68% of the common equity interest
of Hargray Acquisition. Stephens Cable is a holding company for the investment in Hargray
Acquisition.

Indirect Ownership of Hargray Acquisition

       Indirect Ownership through TPO-Hargray:

               TPO-Hargray is controlled by its member, TPO Venture Partners, LLC (“TPO
                Venture Partners”), a Delaware limited liability company with the principal
                business of investments. TPO Venture Partners owns 100% of the voting, and over
                80% of the equity, interests in TPO-Hargray.

               TPO Venture Partners is owned directly and indirectly by trusts, each formed in the
                United States, of which Maroon Private Trust Company, L.L.C., a South Dakota
                limited liability company, is the trustee. The trusts are held for the benefit of
                Thomas J. Pritzker and other members of the Pritzker family, all of whom are U.S.


     citizens.

    Maroon Trust, a trust formed under Illinois law, owns 100 percent of the
     membership interest in Maroon Private Trust Company, LLC. Thomas J. Pritzker is
     the trustee of Maroon Trust.

    The address of TPO-Hargray and TPO Venture Partners is 350 S. Main Ave., Suite
     401, Sioux Falls, SD 57104.

    The address of Maroon Private Trust Company, LLC is 350 S. Main Ave., Suite
     401, Sioux Falls, SD 57104.

    The address of Maroon Trust is 150 N. Riverside Plaza, Suite 3300, Chicago, IL
     60606.

    The address of Thomas J. Pritzker is 150 N. Riverside Plaza, Suite 3200, Chicago,
     IL 60606.

Indirect Ownership through Redwood Cable:

    Redwood Cable has one member, Redwood Capital Investments, LLC (“Redwood
     Capital”), a Maryland limited liability company with the principal business of
     investments.

    Oak Investment Trust II, a trust formed under Maryland law, owns 49% of the non-
     voting equity interest of Redwood Capital. The trustees of Oak Investment Trust II
     are Randall Sones, Fred Ridley and R. Alan Butler, each of whom are U.S. citizens.
     Each of the beneficiaries of Oak Investment Trust II is a U.S. citizen.

    James C. Davis, a U.S. citizen, is the sole manager of Redwood Capital and holds
     71% of the voting interest in Redwood Capital.

    The address of Redwood Cable, Redwood Capital, Oak Investment Trust II, and
     James C. Davis is 7301 Parkway Drive, Hanover, Maryland, 21076.

Indirect Ownership through Stephens Cable:

    The Warren and Harriet Stephens Children’s Trust UID 9/30/87 (“Children’s
     Trust”), a trust formed under Arkansas law, owns approximately 60% of Stephens
     Cable. The trustees of the Children’s Trust are Harriet Stephens and John N.
     Calhoun II, each of whom are U.S. citizens, and each of the beneficiaries of the
     Children’s Trust is a U.S. citizen.

    The address of Stephens Cable and the Children’s Trust is c/o Jackson Farrow Jr.,
     Stephens Capital Partners LLC, 111 Center Street, Suite 1600, Little Rock, AR
     72201.


Question 13

        See response to Question 9 above for a narrative of the means by which the pro forma
transfer of control occurred.



Document Created: 2018-02-23 16:41:51
Document Modified: 2018-02-23 16:41:51

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