(Reuters) – Guitar Center Inc, the largest US retailer of musical instruments and equipment, filed for bankruptcy on Saturday as the coronavirus pandemic caused music lovers to make their purchases online.
The retailer has negotiated that its existing lenders hold a total of $ 375 million in debtors and intends to raise $ 335 million in new senior secured notes, the company said in a statement with https://refini.tv / 3fpM2UC.
The company filed for Chapter 11 bankruptcy in the Eastern District of Virginia Bankruptcy Court.
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