Newsletter
Advertisement

Menu

Les Paul guitar-maker might face the music of bankruptcy

By Staff Correspondent |

Gibson Brands Inc., the iconic guitar company, whose instruments have been played by legends such as Bob Marley and Jimmy Page, is singing a sad tune today.

The company is on the verge of bankruptcy and is dealing with a high level of debt. Its expansion into other products over the past few years has not worked out as expected. Gibson also saw the departure of its CFO Bill Lawrence after a relatively short period of service.

A Les Paul Standard Figured Walnut electric guitar from Gibson

The maker of the famed Les Paul guitar has $375 million of senior secured notes which are due to mature in August. The company also has $145 million in bank loans which will become due immediately if the notes haven’t been refinanced by mid-July.

Gibson has sought the services of investment bank Jefferies and is said to be bringing back its former CFO Benson Woo to deal with its financial crisis.

The company said it is working on a new credit facility in addition to a streamlining strategy focused on identifying areas to maximize investments and to reduce less profitable ventures. Let’s hope this helps in repaying the debt and improving financial results.

More on this Company

PG&E (PCG) stock slips to record low after wildfire spurs selloff

October 25, 2019

Viveve Medical stock plunges to 9-year low

April 8, 2019

FuelCell Energy stock plunges to 27-year low

March 28, 2019

245 responses to “Les Paul guitar-maker might face the music of bankruptcy”

  11. التأثير العالمي

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless genuinely worth taking a search, whoa did 1 find out about Mid East has got extra problerms too […]

  25. best university in egypt

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless definitely really worth taking a look, whoa did one learn about Mid East has got extra problerms also […]

  32. Maillot de football

    […]although web sites we backlink to below are considerably not associated to ours, we really feel they may be essentially really worth a go by means of, so possess a look[…]

  39. drop set musculation

    […]we prefer to honor lots of other internet internet sites on the web, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  41. Fiverr Earn

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless actually really worth taking a search, whoa did one particular find out about Mid East has got a lot more problerms at the same time […]

  48. livpure

    […]please go to the websites we stick to, which includes this one, because it represents our picks through the web[…]

  55. french bulldog puppies

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless truly really worth taking a search, whoa did one master about Mid East has got more problerms too […]

  60. YouTube SEO

    […]check beneath, are some entirely unrelated internet sites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  61. Private universities in Egypt

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless really worth taking a search, whoa did one learn about Mid East has got extra problerms also […]

  73. teacup frenchie

    […]we prefer to honor numerous other net web-sites on the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  79. future university

    […]very handful of web sites that transpire to be comprehensive beneath, from our point of view are undoubtedly well really worth checking out[…]

  82. Fiverr.Com

    […]very handful of web sites that happen to be detailed beneath, from our point of view are undoubtedly properly worth checking out[…]

  93. FUE

    […]Every the moment inside a while we choose blogs that we study. Listed below would be the most up-to-date web-sites that we pick out […]

  94. FUE

    […]always a massive fan of linking to bloggers that I enjoy but really don’t get a great deal of link adore from[…]

  99. pcfinancial.ca/activate

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless actually worth taking a appear, whoa did one particular find out about Mid East has got more problerms as well […]

  102. FiverrEarn

    […]Every as soon as inside a even though we pick out blogs that we read. Listed beneath would be the latest internet sites that we decide on […]

  104. Fiverr

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless genuinely really worth taking a search, whoa did one learn about Mid East has got a lot more problerms too […]

  107. Australia Porn Stars

    […]although internet sites we backlink to below are considerably not connected to ours, we feel they are essentially worth a go by way of, so have a look[…]

  110. partners

    […]although websites we backlink to below are considerably not associated to ours, we feel they may be actually really worth a go via, so possess a look[…]

  111. menorescue reviews

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless seriously really worth taking a appear, whoa did one particular discover about Mid East has got extra problerms also […]

  117. FiverrEarn

    […]Every once inside a although we select blogs that we study. Listed beneath would be the most current websites that we pick out […]

  119. live sex cams

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless genuinely really worth taking a search, whoa did one particular discover about Mid East has got extra problerms at the same time […]

  127. Private University Yemen

    […]we like to honor lots of other net web sites on the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  131. FiverrEarn

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless really worth taking a appear, whoa did one study about Mid East has got a lot more problerms also […]

  132. FiverrEarn

    […]check beneath, are some absolutely unrelated internet sites to ours, however, they may be most trustworthy sources that we use[…]

  135. neurorise legit

    […]we prefer to honor lots of other online sites around the internet, even if they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  139. Litigio fiscal

    […]please check out the web sites we adhere to, including this one particular, because it represents our picks through the web[…]

  140. 늑대닷컴

    […]check below, are some completely unrelated internet websites to ours, however, they may be most trustworthy sources that we use[…]

  141. Slot jackpot

    […]Every once inside a though we select blogs that we study. Listed beneath are the most up-to-date web sites that we choose […]

  144. allgame

    […]check below, are some absolutely unrelated internet sites to ours, nonetheless, they are most trustworthy sources that we use[…]

  145. 918kiss

    […]check beneath, are some absolutely unrelated web-sites to ours, nonetheless, they’re most trustworthy sources that we use[…]

  147. Skincare tips

    […]although internet websites we backlink to beneath are considerably not related to ours, we feel they are essentially worth a go by, so have a look[…]

  149. pg slot

    […]very couple of web-sites that happen to become detailed beneath, from our point of view are undoubtedly very well really worth checking out[…]

  150. AI Lawyer

    […]Every once in a when we select blogs that we study. Listed beneath would be the most current internet sites that we opt for […]

  151. cybersécurité

    […]that would be the finish of this post. Right here you will discover some web sites that we think you’ll value, just click the hyperlinks over[…]

  152. Raahe Guide

    […]check beneath, are some absolutely unrelated internet sites to ours, however, they’re most trustworthy sources that we use[…]

  154. hotel in lake placid

    […]we prefer to honor numerous other online internet sites around the net, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  156. megagame

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless seriously really worth taking a look, whoa did a single master about Mid East has got much more problerms as well […]

  157. apply evisa online

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless definitely worth taking a appear, whoa did a single understand about Mid East has got much more problerms at the same time […]

  158. 17 wsm

    […]always a significant fan of linking to bloggers that I appreciate but do not get a great deal of link really like from[…]

  163. ItMe.Xyz

    […]please visit the web sites we follow, such as this one particular, because it represents our picks through the web[…]

  167. MasumINTL.Com

    […]very few sites that transpire to be detailed beneath, from our point of view are undoubtedly properly really worth checking out[…]

  168. itme.xyz

    […]although web-sites we backlink to beneath are considerably not connected to ours, we feel they are actually really worth a go by means of, so have a look[…]

  169. ItMe.Xyz

    […]although internet websites we backlink to beneath are considerably not related to ours, we feel they are in fact worth a go as a result of, so have a look[…]

  182. live adult webcams

    […]we prefer to honor a lot of other net web pages on the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  183. cheap cam sex

    […]very couple of web-sites that happen to become in depth beneath, from our point of view are undoubtedly very well really worth checking out[…]

  198. IFM

    […]we prefer to honor many other net websites around the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  202. esports domains

    […]we prefer to honor numerous other internet web pages on the net, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  205. undetected tarkov cheats

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless genuinely really worth taking a look, whoa did one learn about Mid East has got additional problerms as well […]

  208. mexican candy store

    […]although web sites we backlink to beneath are considerably not related to ours, we really feel they may be essentially really worth a go by way of, so possess a look[…]

  209. elizabeth kerr

    […]although web-sites we backlink to beneath are considerably not related to ours, we feel they’re really worth a go by, so possess a look[…]

  211. house of ho

    […]that could be the finish of this post. Here you’ll locate some sites that we assume you’ll enjoy, just click the hyperlinks over[…]

  218. mexican candy store near me

    […]we like to honor a lot of other net websites around the internet, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  221. nepo hat

    […]very handful of internet websites that come about to become in depth beneath, from our point of view are undoubtedly effectively worth checking out[…]

  223. sui

    […]always a major fan of linking to bloggers that I like but do not get a great deal of link appreciate from[…]

  227. How To Get My Dog Papers

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless actually worth taking a look, whoa did 1 understand about Mid East has got a lot more problerms too […]

  228. Dog Papers

    […]we prefer to honor several other internet internet sites around the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  233. Dog Registry

    […]we prefer to honor lots of other net sites around the web, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  236. french bulldog chihuahua mix

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless really worth taking a look, whoa did a single understand about Mid East has got a lot more problerms at the same time […]

  240. French Bulldog Rescue

    […]although internet websites we backlink to beneath are considerably not associated to ours, we feel they are truly really worth a go by way of, so possess a look[…]

Top