sc13g
Table of Contents

 
 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*
(Amendment No. )

ICO Global Communications (Holdings) Limited
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
44930K108
(CUSIP Number)
July 14, 2006
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)
     þ Rule 13d-1(c)
     o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Person Authorized to Receive Notices and Communications:

J. Kevin Ciavarra, Esq.
Highland Crusader Offshore Partners, L.P.
Two Galleria Tower
13455 Noel Road, Suite 800
Dallas, Texas 75240
(972) 628-4100

 
 

TABLE OF CONTENTS

Item 5 Ownership of 5% or Less of a Class:
Item 6 Ownership of More than 5% on Behalf of Another Person:
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
Item 8 Identification and Classification of Members of the Group:
Item 9 Notice of Dissolution of Group:
Item 10 Certification:
SIGNATURES
EXHIBITS
Identity of Group Members
Joint Filing Agreement

Table of Contents

SCHEDULE 13G
                         
CUSIP No.
  
   –   44930K108 
   Page  
2 
   of   
20 
   Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
    Highland Crusader Offshore Partners, L.P., a Bermuda partnership
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Bermuda
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   4,485,720
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    4,485,720
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  4,485,720
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  3.13%(1)
     
12   TYPE OF REPORTING PERSON
   
  PN

(1) Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                         
CUSIP No.
  
– 44930K108 
   Page  
3 
   of   
20 
   Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
    Highland Capital Management, L.P., a Delaware limited partnership 75-2716725
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,683,932
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    7,683,932
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,683,932
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.36%(1)
     
12   TYPE OF REPORTING PERSON
   
  PN, IA

(1) Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                         
CUSIP No.
  
– 44930K108 
   Page  
4 
   of   
20 
   Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
    Strand Advisors, Inc., a Delaware corporation 95-4440863
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,683,932
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    7,683,932
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,683,932
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.36%(1)
     
12   TYPE OF REPORTING PERSON
   
  CO

(1) Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                         
CUSIP No.
  
   –   44930K108 
   Page  
5 
   of   
20 
   Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
    James Dondero
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF   20,000
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   12,519,789
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   20,000
       
WITH 8   SHARED DISPOSITIVE POWER
     
    12,519,789
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,539,789
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  8.75%(1)
     
12   TYPE OF REPORTING PERSON
   
  IN

(1) Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                         
CUSIP No.
  
   –   44930K108 
   Page  
6 
   of   
20 
   Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
    Highland Equity Focus Fund, L.P., a Delaware limited partnership 46-0491961
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   600,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    600,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  600,000
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.42%(1)
     
12   TYPE OF REPORTING PERSON
   
  PN

(1) Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                         
CUSIP No.
  
   –   44930K108 
   Page  
7 
   of   
20 
   Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
    Highland Select Equity Fund, L.P., a Delaware limited partnership
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   174,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    174,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  174,000
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.12%(1)
     
12   TYPE OF REPORTING PERSON
   
  PN

(1) Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                     
CUSIP No.
  
– 44930K108 
   Page  
8 
   of   
20 
  
Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
   
Highland Capital Management Services, Inc., a Delaware corporation
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,450,000
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
WITH 8   SHARED DISPOSITIVE POWER
     
    1,450,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,450,000
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  1.01%(1)
     
12   TYPE OF REPORTING PERSON
   
  CO
(1)   Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                     
CUSIP No.
  
– 44930K108 
   Page  
9 
   of   
20 
  
Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
   
Prospect Street High Income Portfolio, Inc., a Maryland corporation
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Maryland
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   853,905
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    853,905
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  853,905
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.60%(1)
     
12   TYPE OF REPORTING PERSON
   
  CO, IA
(1)   Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                     
CUSIP No.
  
– 44930K108 
   Page  
10 
   of   
20 
  
Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
   
PAMCO Cayman LTD., a Cayman Islands exempted company with limited liability
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands, British West Indies
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   120,307
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    120,307
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  120,307
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.08%(1)
     
12   TYPE OF REPORTING PERSON
   
  PN, IV
(1)   Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                     
CUSIP No.
  
– 44930K108 
   Page  
11 
   of   
20 
  
Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
   
The Canis Minor Trust, a Texas trust

     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,176,153
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    1,176,153
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,176,153
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.82%(1)
     
12   TYPE OF REPORTING PERSON
   
  OO
(1)   Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                     
CUSIP No.
  
– 44930K108 
   Page  
12 
   of   
20 
  
Pages

 

           
1   NAME OF REPORTING PERSON
   
  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 
   
The Canis Major Trust, a Texas trust

     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   3,559,704
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    3,559,704
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,559,704
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  2.48%(1)
     
12   TYPE OF REPORTING PERSON
   
  OO
(1)   Based on 143,269,343 shares of Class A Common Stock outstanding based on the Issuer’s Registration Statement filed on July 12, 2006.

Table of Contents

                     
        Page  
13 
   of   
20 
  
Pages
SCHEDULE 13G
     
Item 1(a)
  Name of Issuer:
 
    
 
  ICO Global Communications (Holdings) Limited
 
    
Item 1(b)
  Address of Issuer’s Principal Executive Offices:
 
    
 
  Plaza America Tower I, 11700 Plaza America Drive, Suite 1010
Reston, Virginia 20190
 
    
Item 2(a)
  Names of Persons Filing:
 
    
 
  Highland Crusader Offshore Partners, L.P.
 
  Highland Capital Management, L.P.
 
  Strand Advisors, Inc.
 
  James Dondero
 
  Highland Equity Focus Fund, L.P.
 
  Highland Select Equity Fund, L.P.
 
  Highland Capital Management Services, Inc.
 
  Prospect Street High Income Portfolio, Inc.
 
  PAMCO Caymans LTD.
 
  The Canis Minor Trust
 
  The Canis Major Trust
 
    
Item 2(b)
  Addresses of Principal Business Offices:
 
    
 
  Highland Crusader Offshore Partners, L.P.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240
 
    
 
  Highland Capital Management, L.P.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240
 
    
 
  Strand Advisors, Inc.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240

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Page 14 of 20 Pages
     
 
  James Dondero
 
  13455 Noel Road, Suite 1300
 
  Dallas, Texas 75240
 
    
 
  Highland Equity Focus Fund, L.P.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240
 
    
 
  Highland Select Equity Fund, L.P.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240
 
    
 
  Highland Capital Management Services, Inc.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240
 
    
 
  Prospect Street High Income Portfolio, Inc.
 
  Two Galleria Tower
 
  13455 Noel Road, Suite 800
 
  Dallas, Texas 75240
 
    
 
  PAMCO Caymans LTD.
 
  c/o QSPV Limited
 
  Queensgate House, South Church Street
 
  George Town, Grand Cayman
 
  Cayman Islands, British West Indies
 
    
 
  The Canis Minor Trust
 
  c/o James Dondero
 
  13455 Noel Road, Suite 1300
 
  Dallas, Texas 75240
 
    
 
  The Canis Major Trust
 
  c/o James Dondero
 
  13455 Noel Road, Suite 1300
 
  Dallas, Texas 75240
 
    
Item 2(c)
  Citizenship:
 
    
 
  Highland Crusader Offshore Partners, L.P. – Bermuda
 
  Highland Capital Management, L.P. – Delaware
 
  Strand Advisors, Inc. – Delaware
 
  James Dondero — United States of America
 
  Highland Equity Focus Fund, L.P. – Delaware

 

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Page 15 of 20 Pages
         
    Highland Select Equity Fund, L.P. – Delaware
    Highland Capital Management Services, Inc. – Delaware
    Prospect Street High Income Portfolio, Inc. – Delaware
    PAMCO Caymans LTD. – British West Indies
    The Canis Minor Trust – Texas
    The Canis Major Trust – Texas
 
        
Item 2(d)   Title of Class of Securities:
 
        
    Class A Common Stock, par value $0.01 per share
 
        
Item 2(e)   CUSIP Number:
 
        
    44930K108
 
        
Item 3   Status of Persons Filing:
 
        
    Not applicable.
 
        
Item 4   Ownership:
 
        
 
  (a)   As of July 17, 2006, Highland Crusader Offshore Partners, L.P. (“Crusader Offshore”), was the record and beneficial owner of 4,123,520 shares (the “Shares”) of Class A Common Stock of ICO Global Communications (Holdings) Limited . As of July 17, 2006, Highland Equity Focus Fund, L.P. (“Equity Focus”) was the record and beneficial owner of 600,000 Shares; Highland Select Equity Fund, L.P. (“Select Equity”) was the record and beneficial owner of 174,000 Shares; Highland Capital Management Services, Inc. (“HCM Services”) was the record and beneficial owner of 1,450,000 Shares; Prospect Street High Income Portfolio, Inc. (“Prospect Portfolio”) was the record and beneficial owner of 853,905 Shares; PAMCO Cayman LTD. (“PAMCO”) was the record and beneficial owner of 120,307 Shares; The Canis Minor Trust (“Canis Minor”) was the record and beneficial owner of 1,176,153 Shares; The Canis Major Trust (“Canis Major”) was the record and beneficial owner of 3,559,704 Shares, and Mr. James Dondero (“Dondero”), a citizen of the United States, held 20,000 Shares.
 
        
 
      Highland Capital Management, L.P., a Delaware limited partnership (“Highland Capital”), is the investment adviser to Crusader Offshore, Equity Focus, Select Equity, HCM Services and Prospect Portfolio, and is the collateral manager of PAMCO, pursuant to a Collateral Management Agreement, dated August 6, 1997. Highland Capital has the power to control and vote the Shares held by such entities. Strand Advisors, Inc., a Delaware corporation (“Strand”), is the general partner of Highland Capital. Dondero is the President of Strand. Highland Capital, Strand and Dondero expressly disclaim any beneficial ownership of the Shares held by Crusader Offshore, Equity Focus, Select Equity, HCM Services, Prospect Portfolio, and PAMCO, except to the extent that each has a pecuniary interest in Crusader Offshore, Equity Focus, Select Equity, HCM Services, Prospect Portfolio, and PAMCO.

 

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Page 16 of 20 Pages
             
        Dondero is the trustee of Canis Minor and Canis Major. Dondero expressly disclaims beneficial ownership of the Shares reported herein by the Canis Minor and Canis Major trusts, except to the extent of his pecuniary interest therein.
 
            
    (b)   Percent of Class:
 
            
             See Item 11 of each cover page for the respective reporting persons.
 
            
    (c)   Number of shares as to which the person has:
 
            
 
      (i)   sole power to vote or to direct the vote:
 
            
 
               See Item 5 of each cover page for the respective reporting persons.
 
            
 
      (ii)   shared power to vote or to direct the vote:
 
            
 
               See Item 6 of each cover page for the respective reporting persons.
 
            
 
      (iii)   sole power to dispose or to direct the disposition of:
 
            
 
               See Item 7 of each cover page for the respective reporting persons.
 
            
 
      (iv)   shared power to dispose or to direct the disposition of:
 
            
 
               See Item 8 of each cover page for the respective reporting persons.
 
            
             
Item 5   Ownership of 5% or Less of a Class:
 
            
    Not applicable.
 
            
             
Item 6   Ownership of More than 5% on Behalf of Another Person:
 
            
    Not applicable.
 
            
             
Item 7   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
 
            
    Not applicable.
 
            
             
Item 8   Identification and Classification of Members of the Group:
 
            
    See Exhibit A.
 
            
             
Item 9   Notice of Dissolution of Group:
 
            
    Not applicable.

 

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Page 17 of 20 Pages
     
Item 10
  Certification:
 
    
 
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

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Page 18 of 20 Pages
SIGNATURES
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
                 
 
               
Date: July 24, 2006
                
 
                
    Highland Crusader Offshore Partners, L.P.    
 
                
 
  By:   Highland Crusader Fund GP, L.P., its general partner    
 
  By:   Highland Crusader Fund GP, LLC, its general partner    
 
  By:   Highland Capital Management, L.P., its sole member    
 
  By:   Strand Advisors, Inc., its general partner    
 
                
 
      By:   /s/ James Dondero    
 
               
 
               Name: James Dondero    
 
               Title: President    
 
                
    Highland Equity Focus Fund, L.P.    
 
                
 
  By:   Highland Equity Focus Fund GP, L.P., its general    
 
  partner          
 
  By:   Highland Equity Focus GP, LLC, its general partner    
 
  By:   Highland Capital Management, L.P., its sole member    
 
  By:   Strand Advisors, Inc., its general partner    
 
                
 
      By:   /s/ James Dondero     
 
               
 
               Name: James Dondero    
 
               Title: President    
 
                
    Highland Select Equity Fund, L.P.    
 
                
 
  By:   Highland Select Equity Fund GP, L.P., its general    
    partner    
 
  By:   Highland Select Equity GP, LLC, its general partner    
 
  By:   Highland Capital Management, L.P., its sole member    
 
  By:   Strand Advisors, Inc., its general partner    
 
                
 
      By:   /s/ James Dondero     
 
               
 
               Name: James Dondero    
 
               Title: President    

 

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Page 19 of 20 Pages
                 
 
               
    Prospect Street High Income Portfolio, Inc.    
 
                
 
  By:   /s/ James Dondero         
             
             Name: James Dondero    
             Title: President    
 
                
    Highland Capital Management Services, Inc.    
 
                
 
  By:   /s/ James Dondero         
             
             Name: James Dondero    
             Title: President    
 
                
    PAMCO Cayman LTD.    
 
                
    By:   Highland Capital Management, L.P., its collateral    
        manager    
    By:   Strand Advisors, Inc., its general partner    
 
                
 
      By:   /s/ James Dondero     
 
               
 
               Name: James Dondero    
 
               Title: President    
 
                
    The Canis Minor Trust    
 
                
 
  By:   /s/ James Dondero         
             
             Name: James Dondero    
             Title: Trustee    
 
                
    The Canis Major Trust    
 
                
 
  By:   /s/ James Dondero         
             
        Name: James Dondero    
        Title: Trustee    

 

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Page 20 of 20 Pages
                 
 
               
    Highland Capital Management, L.P.    
 
                
    By:   Strand Advisors, Inc., its general partner    
 
                
 
      By:   /s/ James Dondero     
 
               
 
          Name: James Dondero
Title: President		    
 
                
    Strand Advisors, Inc.    
 
                
 
  By:   /s/ James Dondero        
             
        Name: James Dondero    
        Title: President    
 
                
 
   /s/ James Dondero             
         
    James Dondero    

 

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EXHIBITS
     
Exhibit A
  Identity of Group Members Pursuant to Item 8.
 
    
Exhibit B
  Joint Filing Agreement, dated July 20, 2006 .