Gibson Guitars "Running Out Of Time" To Solve Debt Issues, Could Shut Down

Gibson Brands, Inc. – makers of the iconic Gibson guitars played by Slash among many others – is “running out of time” to resolve serious debt issues that could shut it down, a finance expert said.

The company, which has annual revenues of more than $1 billion, has to deal with upcoming repayments totaling $375 million, with a further $145 million due if the first amount is not serviced by July 23.

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