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Guitar Center Announces Court Approval of Restructuring Plan

WESTLAKE VILLAGE, Calif.–()–Guitar Center, Inc. (“Guitar Center” or the “Company”), the world’s leading musical instrument retailer, announced today that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company’s Plan of Reorganization (the “Plan”). As planned, the Company expects to emerge from Chapter 11 by December 31 with significantly reduced debt once customary conditions have been finalized.

Ron Japinga, CEO of Guitar Center, said: “This approval represents a momentous and positive milestone in our long-term strategy. Throughout this process, we have continued to serve our customers in-store and online, helping even more people make music during…

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