Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editor
Bloomberg Markets: Guitar Center Debt Hits Sour Note
Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Molly Smith Corporate Finance Reporter Bloomberg News Discussing Guitar Center investors fretting about its billion-dollar debt load. Bonds issued by the biggest U.S. music retailer are hovering near record lows after Moody’s Investors Service said the chain needs to refinance this year and do a better job of curtailing leverage. If it doesn’t, Guitar Center’s credit rating could fall deeper into junk, a move likely to drive up borrowing costs.
Apr 24, 2017
