DSI'S Role

Interim Owners as Fiduciaries and Control of Board of Directors

Services Provided

  • Crisis and Interim Management
  • Debtor Advisory
  • Financial Restructuring
  • Sale of Assets
  • Wind Down Management


Case Highlights

  • Company administered as part of Ebbers Asset Trust stemming from WorldCom collapse
  • Restructured company, refinanced debt and sold majority interest
  • Managed the company’s Board of Directors to monetize holdings

Case Narrative

KLLM Transport Services, Inc., is a specialized carrier with annual revenues in excess of $250 million that was partially owned by Bernie Ebbers, formerly of WorldCom. As fiduciaries of Mr. Ebbers’ assets, DSI exercised ownership rights in the company including occupying two of the three Board of Directors positions. DSI provided oversight of the operations and was able to effectuate a refinancing transaction that paid off subordinated debt, and subsequently was able to complete a transaction that monetized the Ebbers Estate holdings, while supporting the ongoing business endeavors of the company.