Gibson guitar company facing bankruptcy

If you’re like me you appreciate a good Gibson guitar. My favorite was a 1957 Les Paul Jr. single cut-away with a single P-90 pick up… it was a simple screamer!

Now it appears that Gibson is in some sort of financial trouble and could be on the verge of bankruptcy after over 115 years in business.

This article covers some of the details associated with this situation and some history of Gibson that you might be interested in…

Jam On!
-Ron

Credit given to B.J. Bethel, Dayton Daily News

“According to the Nashville Post, Gibson’s chief financial officer, Bill Lawrence, left after six months on the job and just as $375 million in senior secured notes mature and $145 million in bank loans become due, if they aren’t refinanced by July… The departure of Lawrence was seen as a bad sign for a company trying to re-organize.”

Read More Here…

http://www.ajc.com/news/national/gibson-guitar-company-maker-the-les-paul-facing-bankruptcy-after-116-years-business/OlaIEYdtLEv1rP92RvZFrM/