YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Guitar Center files for bankruptcy

Posted online

Guitar Center Inc. filed for Chapter 11 bankruptcy.

The musical instrument and equipment retailer reached a deal for $375 million in debtor-in-possession financing. The company also is seeking to raise $335 million in a debt round.

Guitar Center earlier this month signed a restructuring agreement that includes a debt reduction of nearly $800 million. The deal also includes new equity investments of up to $165 million.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences