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Guitar Center bankruptcy hits final note

By   /  Thursday, December 31st, 2020  /  East Ventura County, Latest news, Law, left, Top Stories, Tri-County Economy  /  Comments Off on Guitar Center bankruptcy hits final note

Guitar Center announced that it emerged from Chapter 11 bankruptcy proceedings after its reorganization plan was confirmed in federal court on Dec. 17, less than a month after the company filed for bankruptcy. The plan puts into motion a collection of previously announced recapitalizations, including exit financing and the abolishment of all of Guitar Center’s Read More →

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Guitar Center declares debt in the billions

By   /  Monday, November 30th, 2020  /  Latest news, middle  /  Comments Off on Guitar Center declares debt in the billions

Guitar Center, one of the largest privately owned companies in the region, filed for Chapter 11 bankruptcy Nov. 21.

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Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales

By   /  Monday, November 16th, 2020  /  East Ventura County, Latest news, Tri-County Economy  /  Comments Off on Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales

Westlake Village-based Guitar Center plans to file for Chapter 11 bankruptcy, citing the pandemic as a major strain on the company’s resources. In a Nov. 13 news release, Guitar Center said that it had secured up to $165 million in new equity investments to recapitalize the company and reduce its corporate debt by nearly $800 Read More →

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