RT Journal Article SR Electronic T1 Restructuring Mississippi Chemical JF The Journal of Private Equity FD Institutional Investor Journals SP 45 OP 52 DO 10.3905/jpe.2005.490418 VO 8 IS 2 A1 Jill Andresky Frasker YR 2005 UL https://pm-research.com/content/8/2/45.abstract AB Mississippi Chemical Corporation completed a dramatic reorganization and timely exit from Chapter 11 last December, despite a host of problems. Once viewed as a likely liquidation candidate, its bond prices moved from less than 10 to almost 80 cents during the case as the Company carried out a profitable sale to Terra Industries. This outcome depended upon the creative strategies and collaborative efforts of the Company's management, restructuring advisor, bankruptcy counsel, bondholders, new lenders, and other creditors and demonstrated the value that flexible leadership, respectful listening, determined teamwork, and perseverance can play in improving recoveries to all.