Stock

Guitar Middle recordsdata for chapter

© Reuters.

(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.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Related Articles