Published Monday, May 11, 2026 | 6 a.m.
WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–May 11, 2026–
Guitar Center, Inc. (together with its affiliates, “Guitar Center,” or the “Company”) today announced that it has amended its existing asset-based lending facility (“ABL”). The amended facility maintains total commitments of $375 million, reduces borrowing costs, relaxes certain minimum availability covenants and extends the maturity date from December 31, 2027 to the earlier of May 8, 2031, or 90 days prior to the maturity date of any of the Company’s outstanding senior notes, providing the Company with additional financial flexibility. Wells Fargo Bank will continue to serve as administrative agent and collateral agent for the amended facility.
“The extension of our ABL enhances our liquidity profile and extends our maturity runway, while maintaining substantial borrowing capacity to support the business,” said Tim Martin, Chief Financial Officer of Guitar Center. “The improved pricing and extended maturity reflect the continuing success of our strategic initiatives, with the fourth quarter of 2025 marking eight straight quarters of positive Guitar Center brand comp sales, and our disciplined approach to cost management.”
About Guitar Center
Guitar Center is the leading retailer of musical instruments, lessons, repairs and rentals in the U.S. With more than 300 stores nationwide and one of the top direct sales websites in the industry, Guitar Center has helped people make music for more than 60 years. Guitar Center provides a range of musician-based services, including Guitar Center Lessons for players of all ages and skill levels, GC Repairs, an on-site maintenance and repair service, and GC Rentals, offering easy access to instruments and gear. Guitar Center’s family of brands includes Music & Arts, which operates more than 250 stores specializing in band and orchestral instruments for sale and rental, serving teachers, band directors, college professors, parents and students, and Musician’s Friend, a leading direct marketer of musical instruments in the United States. Guitar Center Business Solutions is the company’s commercial division, delivering professional audio, video, lighting and integrated technology solutions for businesses, institutions and creators nationwide through a portfolio of brands including AVDG (Audio Visual Design Group), GC Pro and Custom House at Guitar Center. The Guitar Center Music Foundation is a national nonprofit that expands access to music through instrument donations and support for communities in need.
Forward-Looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” Forward-looking statements can generally be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “potential,” “seek,” “should,” “think,” “will,” “would” and similar expressions, or they may use future dates. All of the forward-looking statements contained in this press release are subject to assumptions, risks and uncertainties that may change at any time. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. We undertake no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. All forward-looking statements included in this press release are qualified in their entirety by this cautionary statement.
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CONTACT: Investor Contact:
Addo Investor Relations
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RETAIL SPECIALTY ENTERTAINMENT MUSIC
SOURCE: Guitar Center, Inc.
Copyright Business Wire 2026.
PUB: 05/11/2026 09:00 AM/DISC: 05/11/2026 09:02 AM
http://www.businesswire.com/news/home/20260508900879/en
