Guitar Center Inc., founded in 1959 and headquartered in Westlake Village, California, is a leading retailer of musical instruments and equipment, catering to musicians of all skill levels. The company provides a wide range of products including guitars, amplifiers, keyboards, and recording equipment, as well as offering lessons and repair services.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GTRC 8.50% 2026-01-15 USDGuitar Center Inc. | United States | 2026-01-15 | 8.500 | 104.34 |
| GTRC 8.50% 2029-01-15 USDGuitar Center Inc. | United States | 2029-01-15 | 8.500 | 14.75 |
| GTRC 8.50% 2029-01-15 USDGuitar Center Inc. | United States | 2029-01-15 | 8.500 | 14.75 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Guitar Center first began issuing bonds in the late 1990s as part of its expansion strategy. Notably, a significant bond issuance occurred in 2018, aimed at refinancing existing debt and funding store upgrades, with an initial yield of 7% that attracted considerable interest from institutional investors. As of the latest reports, the company’s bond yields are competitive within the retail sector, reflecting a strategic move towards stabilizing its capital structure while navigating market challenges.