Mississippi Chemical Corporation ("MCC")

MCC was a $500 million, publicly traded agricultural and industrial chemical company primarily engaged in the production of nitrogen-based fertilizer products. Among its operations was a significant joint venture in Trinidad with Koch Industries. Due to changes in market conditions, the Company's financial performance began to deteriorate in 2000. As a result of this diminished performance, MCC was faced with a liquidity crisis in late 2002. Gordian Group was engaged by MCC's Board of Directors to advise on the restructuring of the company's indebtedness, as well as on other matters associated with distressed companies. MCC filed for Chapter 11 in May 2003 with over $350 million of net debt in the form of senior secured facilities and other unsecured obligations.

Gordian was instrumental in (i) negotiating Debtor-in-Possession financings for MCC in the aggregate amount of approximately $360 million, (ii) the refinancing of certain of MCC’s pre-petition secured debt in Chapter 11, (iii) the marketing and subsequent sale through the 363 process of MCC’s potash business and (iv) the acquisition of MCC’s nitrogen business in a merger with Terra Industries, Inc. pursuant to its plan of reorganization in a deal valued at over $300 million. The plan of reorganization, which provided recoveries to the Senior Noteholders in excess of 70% as well as recoveries to equity, was confirmed and went effective in December 2004.