Guitar Center has amended its existing asset-based lending facility. The amended facility maintains total commitments of $375 million, reduces borrowing costs, relaxes certain minimum availability covenants and extends the maturity date from Dec. 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.”
