2/2/2024 | BKDDHY | Moody’s lowers Guitar Center
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12/12/2023 | BKDDHY | S&P snips Guitar Center
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2/15/2023 | BKHY | Moody's downgrades Guitar Center
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1/17/2023 | BKHY | S&P lowers Guitar Center
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3/11/2022 | HY | Market Commentary: Carpenter Technology prices in junkland; Kraft Heinz gains rising star status; Endo plummets
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3/10/2022 | BKCVDDEMIGPV | Market Commentary: Guitar Center adds on; HY secondary erases gains; rate-sensitive names down; Macy’s dips
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3/10/2022 | HY | Market Commentary: Guitar Center adds on; HY secondary erases gains; rate-sensitive names down; Macy’s dips
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3/10/2022 | HY | New Issue: Guitar Center prices $200 million tap of 8½% secured notes due 2026 at 100.5
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3/10/2022 | BKHY | S&P upgrades Guitar Center
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3/10/2022 | BKHY | Moody's assigns Guitar Center notes B3
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3/10/2022 | HY | Guitar Center driving by with $200 million tap of 8½% secured notes; initial talk 100-101
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3/10/2022 | HY | Market Commentary: Morning Commentary: Junk slips amid inflation concerns; Guitar Center notes on tap
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10/7/2021 | BKHY | Moody's upgrades Guitar Center
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12/31/2020 | DD | Market Commentary: Outlook 2021: Hertz navigates bankruptcy; energy awaits demand recovery; theaters seek cash
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12/23/2020 | BKDDHY | S&P upgrades Guitar Center
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12/22/2020 | DD | Guitar Center emerges from bankruptcy, cuts $800 million of debt
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12/17/2020 | DD | Guitar Center plan confirmed, expects to emerge by end of December
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12/17/2020 | DD | Guitar Center gets final approval of $375 million DIP loan package
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12/10/2020 | DD | Guitar Center pre-packaged plan draws objection from U.S. trustee
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12/9/2020 | BKCVDDEMIGPV | Market Commentary: Blue Racer, Virtusa price; Fortress adds on; Guitar Center outperforms; LBM at a premium
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12/9/2020 | HY | Market Commentary: Blue Racer, Virtusa price; Fortress adds on; Guitar Center outperforms; LBM at a premium
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12/8/2020 | HY | New Issue: Guitar Center sells upsized $350 million five-year secured notes at par to yield 8½%
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12/8/2020 | HY | Guitar Center upsizes to $350 million, now talks secured notes at 8½%; pricing Tuesday
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12/8/2020 | HY | Guitar Center upsizes to $350 million, talks secured notes at 8¾%-9%; pricing Tuesday
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12/7/2020 | HY | Market Commentary: Kraton Polymers, Ford price; forward calendar grows; Radiology Partners jumps; Cheniere active
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12/7/2020 | BKCVDDEMIGPV | Market Commentary: Kraton Polymers, Ford price; forward calendar grows; Radiology Partners jumps; Cheniere active
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12/7/2020 | BKDDHY | Moody’s assigns Guitar Center B3
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12/7/2020 | HY | Guitar Center selling $335 million five-year secured notes as it addresses bankruptcy
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12/7/2020 | BKDDHY | S&P assigns Guitar Center notes B-
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12/7/2020 | BKDD | Guitar Center to repay ABL and term DIP borrowings with note proceeds
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12/4/2020 | BKCVDDEMHY | Prospect News reports five new defaults for Nov. 19-Dec. 2 period
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11/24/2020 | DD | Guitar Center gets interim approval of $375 million DIP loan package
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11/23/2020 | BKDDHY | Moody’s drops Guitar Center
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11/23/2020 | BKDD | Guitar Center files Chapter 11 petition, details DIP term loan, ABL
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11/18/2020 | BKDDHY | S&P cuts Guitar Center
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11/16/2020 | BKDDHY | Guitar Center plans to file Chapter 11 to implement restructuring
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7/6/2020 | DDHYLM | Guitar Center wraps exchange, issues $58.43 million 13% cash/PIK notes
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7/1/2020 | BKDDHY | S&P ups Guitar Center
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6/29/2020 | DDHYLM | Guitar Center gets tenders to exchange 90.7% of 13% cash/PIK notes
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5/29/2020 | DDHYLM | Guitar Center offers to exchange 13% cash/PIK notes due 2022
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5/28/2020 | BKDDHY | S&P raises Guitar Center
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5/21/2020 | BKDDHY | Moody’s lowers Guitar Center
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5/21/2020 | BKDDHY | S&P cuts Guitar Center
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4/13/2020 | BKDDHY | Moody’s cuts Guitar Center
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2/21/2020 | DDHY | Moody's downgrades Guitar Center
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5/1/2019 | BKDDHY | Moody's lowers Guitar Center
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5/9/2018 | BKCVDDHY | Moody’s global speculative-grade default rate decreases to 3% in April
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4/18/2018 | BKDDHY | S&P ups Guitar Center, rates notes CCC+, CCC-
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4/17/2018 | HY | Market Commentary: SoftBank, OCI, Fidelity price; Hub, Heartland launch roadshows; California Resources gains
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4/17/2018 | DDHY | Moody’s ups Guitar Center PDR
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4/16/2018 | BKDDHY | S&P cuts Guitar Center
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4/16/2018 | DDHYLM | Guitar Center issues $317.96 million of 5%/8% PIK notes in exchange
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4/12/2018 | BKCVDDHY | Fitch: U.S. high-yield default rate to 2.7% in April; forecast stands
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4/12/2018 | DDHYLM | Guitar Center says final tender response still 97.83% of 9 5/8% notes
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3/26/2018 | HY | Market Commentary: GCP prices eight-year bullet; pre-Easter calendar continues to build; Cequel 7½% notes trade up
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3/26/2018 | BKCVDDEMIGPV | Market Commentary: GCP prices eight-year bullet; pre-Easter calendar builds; Cequel 7½% notes trade up
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3/26/2018 | DDHYLM | Guitar Center receives early tenders for 97.83% of 9 5/8% notes
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3/15/2018 | HY | Market Commentary: Live Nation, Aker price new deals; new Guitar Center active; funds gain $11 million
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3/15/2018 | BKCVDDEMIGPV | Market Commentary: Live Nation, Aker price new deals; new Guitar Center active; funds gain $11 million
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3/14/2018 | HY | Market Commentary: Guitar Center, NVA bring new deals; newer U.S. Steel, J.C. Penney dominate secondary; Valeant busy
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3/14/2018 | BKCVDDEMIGPV | Market Commentary: Guitar Center, NVA bring deals; U.S. Steel, J.C. Penney dominate secondary; Valeant busy
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3/14/2018 | HY | New Issue: Guitar Center prices $635 million 9½% 3.5-year secured notes at 98.14 to yield 10 1/8%
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3/14/2018 | DDHY | Moody’s cuts Guitar Center PDR, rates debt
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3/14/2018 | HY | Guitar Center talks $635 million 3.5-year notes with 9½% coupon, 10%-10¼% all-in yield
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3/12/2018 | HY | Market Commentary: Valeant, American Axle price; Frontier, J.C. Penney new issues continue activity; recent Sprint dominant
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3/12/2018 | BKDDHY | S&P trims Guitar Center, rates notes CCC+
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3/12/2018 | BK | Guitar Center to amend, extend $375 million asset-based revolver
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3/12/2018 | HY | Guitar Center to market $635 million 3.5-year notes through Wednesday
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3/12/2018 | DDHYLM | Guitar Center offers PIK notes, warrants for 9 5/8% notes due 2020
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11/29/2017 | DD | Market Commentary: Guitar Center shrugs off downgrade to move higher; CalRes steady; semiconductor converts swoon on report
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11/29/2017 | HY | Market Commentary: Upsized Telenet megadeal, PQ price, new PQ firms; Tuesday deals active; Guitar Center shrugs off downgrade
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11/29/2017 | HY | Market Commentary: Guitar Center shrugs off downgrade; CalRes steady; semiconductor converts swoon on report
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11/29/2017 | DDHY | S&P downgrades Guitar Center
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11/29/2017 | DDHY | Moody’s downgrades Guitar Center, notes
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9/28/2017 | HY | Moody’s cuts Guitar Center, notes
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9/13/2017 | HY | Market Commentary: Distressed oil and gas bonds up with crude prices; iHeart pressured; Guitar Center firms
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9/13/2017 | DD | Market Commentary: Distressed oil and gas bonds rise with crude prices; iHeart remains under pressure; Guitar Center firms
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9/12/2017 | DD | Market Commentary: Frontier Communications’ debt reverses course, ends higher; Petsmart continues to fall; Denbury dips
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8/4/2017 | HY | Market Commentary: Distressed debt activity muted as supply eyed; Revlon bonds flat to better post-earnings
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8/4/2017 | DD | Market Commentary: Distressed debt activity muted as supply eyed; Revlon bonds flat to better post-earnings
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6/22/2017 | BKBWDDHY | S&P: Junk default outlook improves, but restaurant/retail worsens
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6/7/2017 | DD | Market Commentary: E&P sector down with crashing oil prices; Claire’s Stores up after Q1 numbers; little movement for iHeart
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6/7/2017 | HY | Market Commentary: E&P sector down with oil prices; Claire’s up after Q1 numbers; little movement for iHeart
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5/10/2017 | DD | Market Commentary: Frontier leads with slight gain; Valeant ‘wildly active’; Intelsat pares losses; Concordia up on earnings
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5/5/2017 | DD | Market Commentary: Post earnings, California Resources up as crude oil rebounds; GenOn ‘not as active,’ but up; Revlon, Neiman down
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4/20/2017 | DD | Market Commentary: Ocwen Financial down big after Consumer Financial lawsuit comes forward; Petsmart down; pharma mixed
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4/13/2017 | DD | Market Commentary: Claire’s, Quorum Health trade higher after fourth-quarter earnings; iHeart ‘better,’ but not much volume
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4/13/2017 | DDHY | Moody’s drops Guitar Center view to negative
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3/16/2017 | HY | Market Commentary: Guitar Center, Walter down following results; Concordia, iHeart fall; Neiman stagnant
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3/16/2017 | DD | Market Commentary: Guitar Center, Walter down following results; Concordia, iHeart fall; Neiman stagnant
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8/9/2016 | HY | Market Commentary: Valeant better as guidance affirmed; Walter Investments pops on sales; Guitar Center wanes
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8/9/2016 | DD | Market Commentary: Valeant improves as guidance affirmed; Walter Investments pops on sales; Guitar Center debt wanes
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4/14/2016 | DDHY | Moody’s ups Guitar Center, notes
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5/13/2015 | BKCVDDEMIGPV | Market Commentary: UPC, Northern Oil price; Hexion, Guitar Center firm on earnings; Nortel weakens
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5/13/2015 | HY | Market Commentary: Hexion, Guitar Center firm on earnings; Nortel weakens on allocation plan; health care active
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3/19/2015 | HY | Market Commentary: Rite Aid, Sensata price deals; new Rite Aid rises; Guitar Center gains; funds lose $1 billion
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3/19/2015 | BKCVDDEMIGPV | Market Commentary: Rite Aid, Sensata price deals; Guitar Center gains; Transocean off; funds lose $1 billion
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1/27/2015 | HY | High-yield bond covenant protection declines in 2014; manufacturing sector weakest
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11/19/2014 | HY | Market Commentary: Cliffs looks to exit Bloom Lake mine, bonds ‘all over the place’; Guitar Center debt firm
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11/19/2014 | DD | Market Commentary: Cliffs looks to exit Bloom Lake mine, bonds ‘all over the place’; Guitar Center debt firm
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11/17/2014 | HY | Market Commentary: Upsized Equinix two-parter, Level 3, Huntington Ingalls, Multi-Color price; Guitar Center falls
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11/17/2014 | BKCVDDEMIGPV | Market Commentary: Equinix two-parter, Level 3, Huntington Ingalls, Multi-Color price; Guitar Center falls
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11/17/2014 | HY | Market Commentary: Energy sector weakens as oil prices retreat further; Guitar Center dips as new CEO named
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11/17/2014 | DD | Market Commentary: Energy sector weakens as oil prices retreat further; Guitar Center debt drops as new CEO named
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4/9/2014 | HY | Moody's: High-yield bond covenant quality rebounds in March from record low in February
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4/7/2014 | BKDDHY | S&P ups Guitar Center
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4/3/2014 | HYLM | Guitar Center completes partial exchange of debt into preferred stock
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4/3/2014 | BKDDHY | S&P downgrades Guitar Center
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3/27/2014 | HY | Market Commentary: Upsized Jones prices as primary takes breather; Caesars among busiest; funds lose $196 million
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3/26/2014 | HY | New Issue: Guitar Center prices $940 million notes in two tranches
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3/26/2014 | HY | Market Commentary: Warner Music, Guitar Center lead nearly $5 billion day; Jones keeps jumping, Toys tumbles
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3/25/2014 | BKDDHY | Moody's might upgrade Guitar Center, rates notes B3, Caa2
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3/25/2014 | BKDDHY | S&P takes actions on Guitar Center
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3/25/2014 | HY | Guitar Center starts roadshow for $940 million two-part note offering
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3/25/2014 | HY | Market Commentary: Entegris, Cemex megadeal price; Jones up on exchange offer; Global Geophysical slides again
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3/25/2014 | BK | Guitar Center to pay down term loan borrowings with notes proceeds
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6/7/2013 | BK | Guitar Center amends rate on extended loans, eases leverage covenant
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5/28/2013 | BK | Market Commentary: US Foods, Clondalkin break; Guitar Center up with amendment launch; YP, Alliance tweak deals
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5/28/2013 | BKCVDDHY | S&P cuts Guitar Center loans, notes
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11/13/2012 | HYLM | Guitar Center expects to repay $129.8 million of PIK notes in April
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5/8/2012 | BKDDHY | S&P cuts Guitar Center outlook
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11/14/2011 | HY | Guitar Center to reinvest interest payments on PIK notes in new notes
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7/1/2011 | HY | Guitar Center registers $979.45 million of 111/2%, 14.09% PIK notes to be issued in exchange offer
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2/25/2011 | BKDDHY | Moody's: Distressed exchange for Guitar Center
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2/24/2011 | BKHY | S&P affirms Guitar Center
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11/12/2010 | BKDDHY | Moody's cuts Guitar Center
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12/4/2009 | BKDDHY | Moody's cuts Guitar Center view to negative
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6/29/2009 | BKDDHY | S&P ups Guitar Center outlook to stable
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9/15/2008 | BKDDHY | Moody's drops Guitar Center
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8/28/2008 | BKDDHY | S&P rates Guitar Center notes CCC
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8/14/2008 | HY | Market Commentary: Six Flags up on interim numbers; GM stock jump no help to bonds; Pliant pounded; funds add $54 million
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8/13/2008 | HY | Market Commentary: Caribbean Restaurants prices, bonds 'put away'; GM off on downgrade; Intelsat gains on numbers
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8/12/2008 | HY | New Issue: Guitar Center LBO bridge loans convert to junk bonds in two-part $777 million deal
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8/12/2008 | HY | Market Commentary: VeraSun, Readers Digest big gainers; Sbarro keeps sliding; split-rated Brunswick draws crossover buyers
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7/31/2008 | BKHY | Moody's reviews Guitar Center
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11/8/2007 | HY | Market Commentary: Foxwoods, McMoRan price; Charter dives on numbers, Ford can't hold gains; funds lose $13 million
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11/6/2007 | BKHY | Guitar Center postpones $750 million note offering
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11/6/2007 | HY | Market Commentary: Valassis gains on results; Revlon up as loss shrinks; Omnicare hit by U.S. probe news; Guitar Center delays
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11/1/2007 | HY | Market Commentary: Wynn, Tenneco, CII price; GMAC off on numbers, Cricket on Leap deal demise; funds gain $91 million
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10/26/2007 | HY | Market Commentary: Ceridian mega-deal prices, treads water; Countrywide bonds move up; Tesoro off on Kerkorian interest
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10/25/2007 | HY | Market Commentary: Ceridian rejigs mega-deal, Melrose sets talk; good stats little help to builders; funds lose $34 million
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10/19/2007 | HY | Guitar Center to start roadshow for $750 million two-part notes Monday
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10/19/2007 | HY | Market Commentary: US Investigations prices; Angiotech slides on earnings warning; Trump, GMAC ease in active dealings
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10/10/2007 | BKHY | Moody's cuts Guitar Center to B3
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10/10/2007 | BKHY | S&P rates Guitar Center loans B+, B-, notes CCC
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10/9/2007 | BK | Market Commentary: BA Energy sets institutional talk; Telesat, Misys firm OIDs; NV Broadcasting overfills; LCDX stronger
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10/9/2007 | SS | Guitar Center completes $2.1 billion merger with Bain Capital affiliates
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10/5/2007 | BK | Guitar Center holds bank meeting for downsized $650 million seven-year term loan
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10/5/2007 | BK | Market Commentary: ServiceMaster LBO risk offering upsizes to $1 billion; 90-day lock-up on U.S. Foodservice loan expires
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10/3/2007 | BKSS | Guitar Center to launch $1.025 billion credit facility on Friday
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9/19/2007 | SS | Guitar Center stockholders OK merger with investment firm affiliate
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8/14/2007 | SS | Guitar Center shareholders to hold merger vote on Sept. 18
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7/26/2007 | BKHY | Guitar Center LBO financing to include $1.175 billion credit facility, $640 million bonds
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6/27/2007 | BKHY | Moody's may downgrade Guitar Center
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6/27/2007 | SS | Private investment firm to acquire Guitar Center for $2.1 billion
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6/27/2007 | SS | Market Commentary: Andrew adds; Guitar gains; eFunds, Chittenden higher; Trump falls; Impac crashes
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6/27/2007 | BKHY | Guitar Center gets debt commitment for buyout by Bain
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5/30/2007 | SS | Market Commentary: Bioenvision climbs, Genzyme holds firms on deal opposition; Guitar Center gains further on sale hopes
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10/30/2006 | BKHY | Moody's ups Guitar Center to Ba2
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9/6/2006 | CVHY | Guitar Center files automatic shelf registration
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8/25/2006 | BK | S&P boosts Guitar Center
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7/18/2006 | BKCVHY | S&P puts Guitar Center on positive watch
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7/17/2006 | CV | Guitar Center note holders convert nearly all of $100 million notes ahead of redemption
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6/16/2006 | CV | Market Commentary: Guitar Center trades to call; Carnival gains after guidance, stock buyback plan; Symmetricom falls outright
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6/15/2006 | CV | Guitar Center to redeem 4% convertibles
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5/22/2006 | BK | Guitar Center to draw on existing loan for purchase of some Hermes assets
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4/27/2006 | BK | Guitar Center amends loan to increase size, extend tenor, lower rate
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3/10/2006 | BK | Guitar Center negotiates to increase credit facility
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3/24/2005 | BKCVHY | S&P ups Guitar Center converts to BB-
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2/11/2005 | BK | Guitar Center amends loan to reduce rates, push out maturity, add accordion feature
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2/10/2005 | CV | Market Commentary: Guitar holders like acquisition; Coltec up; Protein Design seen re-priced, trades light at 98
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2/9/2005 | BK | Guitar Center to use amended facility to fund Music & Arts Center acquisition
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2/9/2005 | CVHY | S&P: Guitar Center still on watch positive
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12/22/2004 | CVHY | S&P: Guitar Center on watch positive
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12/1/2003 | CV | S&P affirms Guitar Center BB- corporate credit
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9/11/2003 | CV | Market Commentary: Cephalon, Tekelec bid up as players position for upsurge; airlines higher in 9/11 trading
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6/17/2003 | CVHY | S&P rates Guitar Center convertible B+
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6/16/2003 | CV | Guitar Center greenshoe exercised, raising convertibles to $100 million
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6/11/2003 | CV | Market Commentary: Xerox emerges as a mandatory; Mirant in freefall; Tyco gains on unit sale talk; airlines fly high
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6/11/2003 | CV | New Issue: Guitar Center $90 million convertibles yield 4.0%, up 40%
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6/10/2003 | CV | Market Commentary: Xerox buzz renewed with bank loan activity; call threats pull in several issues; Mirant dives on MAG snag
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6/10/2003 | CVHY | Moody's raises Guitar Center outlook, rates convertible B1
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6/9/2003 | CV | Market Commentary: Week begins slowly with a thin market; Omnicare prices, three more small deals emerge
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6/9/2003 | HY | Guitar Center to redeem 11% notes
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6/9/2003 | CV | Guitar Center $90 million convertibles talked to yield 3.5-4.0%, up 40-45%
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4/9/2003 | BKHY | S&P puts Hughes, PanAmSat on positive watch
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12/31/2001 | HY | S&P downgrades Dean Holding, affirms Dean Foods
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12/21/2001 | HY | Moody's downgrades Level 3
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