Speaking of Guitar Center, I see they came out of bankruptcy after Covid, actually a few other music stores I know of went through the same thing and saw big sells on guitars and other musical instruments after Covid. Something that I am not that familiar with is Senior Secured Notes, it is like a Bond.
. Guitar Center in 2022
"Guitar Center Holdings, Inc. (the "Company" or "Guitar Center") today announced that its indirect subsidiary, Guitar Center, Inc. (the "Issuer"), has priced its previously announced offering of $200.0 million in aggregate principal amount of its 8.500% Senior Secured Notes due 2026 (the "Notes"), at an issue price of 100.500%, plus accrued interest, if any, from January 15, 2022. The Notes are being offered as additional notes under the same indenture as the previously issued $350.0 million aggregate principal amount of 8.500% Senior Secured Notes due 2026 and will be treated as a single series with such previously issued senior secured notes. The offering is subject to customary closing conditions. "" Is this a way for investors or GC to pay off debt ?