Guitar Center Announces Bankruptcy Plan

Guitar Center Inc, the largest US retailer of music instruments and equipment, announced Saturday that it has filed for Chapter 11 bankruptcy. The Company has secured new financing to implement its bankruptcy plan, which they say “will deleverage…

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Guitar Center Inc, the largest US retailer of music instruments and equipment, announced Saturday that it has filed for Chapter 11 bankruptcy. The Company has secured new financing to implement its bankruptcy plan, which they say “will deleverage the Company’s balance sheet, enhance financial flexibility and provide additional liquidity to continue to support its vendors,… Read More Guitar Center Announces Bankruptcy Plan

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