Recent

Attendees of the Focusrite Group’s inaugural Educational Summit, held August 14-15 at the cutting-edge Create-it Studios in Franklin, TN

Focusrite Group Hosts Inaugural Educational Summit at Create-it Studios in Franklin, TN

September 4, 2025

New Drop Snakes Slither into Gator Cableworks’ Backline Series

September 3, 2025

Gibson Announces Anne Rohosy as Chief Commercial Officer

September 3, 2025
Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars. Photo Credit: Richard Rosomoff (PRNewsfoto/Taylor Guitars)

Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars

September 3, 2025

On-Stage Bow Bag Offers a Trio of Protective Layers for Stringed-Instrument Bows

September 3, 2025

Music & Arts Offers Free Commissioned Concert Band Score to Music Educators

September 3, 2025

The Small Box Shops: and the Part We Play in the Bigger Picture

September 1, 2025

18 Leaders From Music Products Industry to Attend 2025 Women of NAMM Leadership Summit

August 29, 2025
Thursday, September 4, 2025
  • Contact
MMR Magazine
  • Subscribe Now!
    • Subscribe Now!
  • Advertise
  • Email Press Releases!
  • Current Issue
    • Past Issues
  • Newsroom
    • News
    • MMR Global
    • Supplier Scene
    • Upfront
    • People
  • Awards
    • Dealers’ Choice Awards Ballot 2024
    • Don Johnson Award Winners Archive
  • Directory
  • Get Support!
No Result
View All Result
  • Subscribe Now!
    • Subscribe Now!
  • Advertise
  • Email Press Releases!
  • Current Issue
    • Past Issues
  • Newsroom
    • News
    • MMR Global
    • Supplier Scene
    • Upfront
    • People
  • Awards
    • Dealers’ Choice Awards Ballot 2024
    • Don Johnson Award Winners Archive
  • Directory
  • Get Support!
No Result
View All Result
MMR Magazine
No Result
View All Result

GC Reportedly Preparing for Possible Bankruptcy Filing

Christian Wissmuller by Christian Wissmuller
October 26, 2020
in Uncategorized, Upfront
0
939
SHARES
2.3k
VIEWS
Share on Facebook
ADVERTISEMENT

It’s being widely reported that Guitar Center (GC) is preparing to file for a potential bankruptcy. According to The New York Times, the nation’s largest retailer of musical instruments missed an interest payment of $45 million earlier this month, setting off a 30-day grace period that could end in default. The company is now said to be discussing with creditors a plan which could involve filing for bankruptcy this year and exiting from it in early 2021.

This past May, Guitar Center announced that it had completed a series of transactions to address its April 2020 debt payments. In July GC successfully exchanged over $56 billion in bonds due in 2022.

ADVERTISEMENT
Tags: Guitar Center
Previous Post

L-Acoustics Hosts Intimate K3 Demos

Next Post

Swan Lake Supported by CHAUVET Professional Maverick Silens 2 Profile

Related Posts

MMR Global

Music & Arts Offers Free Commissioned Concert Band Score to Music Educators

September 3, 2025
Amps

Bad Cat Introduces the Ocelot — Small Amp. Big Attitude. Total Control.

August 27, 2025
MMR Global

2025 MMR Dealers’ Choice Awards Nominations – Ballot Closes 9/5!

August 22, 2025
Paul Reed Smith and Governor Wes Moore: photo credit Stephanie Lemus/PRS Guitars
Uncategorized

Paul Reed Smith Day Declared by Maryland Governor Wes Moore

August 22, 2025
MMR Global

Adam Hall Group Appoints Loud Technologies Asia as Exclusive LD Systems Distributor in Singapore

August 15, 2025
Upfront

Hal Leonard to Distribute Latin Percussion (LP) in the U.S.

August 8, 2025
Next Post

Swan Lake Supported by CHAUVET Professional Maverick Silens 2 Profile

Please login to join discussion
  • Trending
  • Comments
  • Latest

Music & Arts Offers Free Commissioned Concert Band Score to Music Educators

September 3, 2025

Gibson Announces Anne Rohosy as Chief Commercial Officer

September 3, 2025
Attendees of the Focusrite Group’s inaugural Educational Summit, held August 14-15 at the cutting-edge Create-it Studios in Franklin, TN

Focusrite Group Hosts Inaugural Educational Summit at Create-it Studios in Franklin, TN

September 4, 2025
Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars. Photo Credit: Richard Rosomoff (PRNewsfoto/Taylor Guitars)

Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars

September 3, 2025
Attendees of the Focusrite Group’s inaugural Educational Summit, held August 14-15 at the cutting-edge Create-it Studios in Franklin, TN

Focusrite Group Hosts Inaugural Educational Summit at Create-it Studios in Franklin, TN

New Drop Snakes Slither into Gator Cableworks’ Backline Series

Gibson Announces Anne Rohosy as Chief Commercial Officer

Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars. Photo Credit: Richard Rosomoff (PRNewsfoto/Taylor Guitars)

Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars

Attendees of the Focusrite Group’s inaugural Educational Summit, held August 14-15 at the cutting-edge Create-it Studios in Franklin, TN

Focusrite Group Hosts Inaugural Educational Summit at Create-it Studios in Franklin, TN

September 4, 2025

New Drop Snakes Slither into Gator Cableworks’ Backline Series

September 3, 2025

Gibson Announces Anne Rohosy as Chief Commercial Officer

September 3, 2025
Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars. Photo Credit: Richard Rosomoff (PRNewsfoto/Taylor Guitars)

Taylor Guitars Conservation Partnership Reveals Critical Link Between African Forest Elephants and Guitars

September 3, 2025
ADVERTISEMENT
The Latest News and Gear in Your Inbox - Sign Up Today!
  • September 2025

    Articles | Digital Issue
  • August 2025

    Articles | Digital Issue
  • July 2025

    Articles | Digital Issue
  • June 2025

    Articles | Digital Issue
  • May 2025

    Articles | Digital Issue
© 2005 - 2025 artistpro, LLC
7012 City Center Way, Suite 207
Fairview, Tennessee 37062
(800) 682-8114

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Subscribe Now!
    • Subscribe Now!
  • Advertise
  • Email Press Releases!
  • Current Issue
    • Past Issues
  • Newsroom
    • News
    • MMR Global
    • Supplier Scene
    • Upfront
    • People
  • Awards
    • Dealers’ Choice Awards Ballot 2024
    • Don Johnson Award Winners Archive
  • Directory
  • Get Support!

© 2005 – 2024 artistpro, LLC 7012 City Center Way, Suite 207 Fairview, Tennessee 37062 (800) 682-8114

This is Modal Title

Click Me
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?