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You are here: Home / Archives for AVDG

AVDG

Once Again Moody’s Downgrades the Credit of AVDG Parent Guitar Center

February 23, 2023 by Ted Leave a Comment

Photo of Guitar Center store in Manhattan. Guitar Center owns AVDG
Guitar Center in Manhattan

Moody’s Investors Service (Moody’s) announced recently that it has once again downgraded the overall credit rating of Guitar Center Inc. – the owner of custom integrator Audio Visual Design Group (AVDG). The agency has dropped its creditworthiness from B2 to B3. Not only that, Moody’s notes that it has additionally downgraded the company’s rating on a specific item – its senior secured note – to Caa1 from B3. The outlook for the near term is said to be “stable.”

This is yet a new chapter in a long-troubled private equity-owned company swimming in debt and trying to grow itself out of trouble.

See more on Moody’s analysis of Guitar Center/AVDG…

[Read more…] about Once Again Moody’s Downgrades the Credit of AVDG Parent Guitar Center

Filed Under: Dealers, Financial, Integrators Tagged With: Audio Visual Design Group, AVDG, Guitar Center, Moody's Investors Services

Moody’s Upgrades Credit Rating of Once Bankrupt Guitar Center, Parent of AVDG

October 12, 2021 by Ted Leave a Comment

Moody’s Investors Service, one of the nation’s largest credit rating agencies, announced last week that it has raised the credit rating of Guitar Center, the owner of custom integration company Audio Visual Design Group. Guitar Center has struggled for years, finally falling into bankruptcy – from which it emerged about ten months ago in December 2020.

Read more about Guitar Center & AVDG’s elevated rating

[Read more…] about Moody’s Upgrades Credit Rating of Once Bankrupt Guitar Center, Parent of AVDG

Filed Under: Brands, Dealers, Financial, Integrators, Management, News Tagged With: Audio Visual Design Group, AVDG, Guitar Center

Judge Approves Reorg Plan by AVDG Parent Guitar Center

December 30, 2020 by Ted Leave a Comment

Photo of Guitar Center store in Albany, NY
[Photo: Gabby Jones/New York Times]

Company to Exit Bankruptcy Soon

The judge hearing the matter of the bankruptcy filing of Guitar Center, Inc., parent company of custom integration company Audio Visual Design Group (AVDG), has accepted the organization’s plan to reorganize operations in order to emerge from bankruptcy. With this move by the court, the stage has been set for Guitar Center to exit from bankruptcy proceedings soon, perhaps any day now.

See what the court’s action means for Guitar Center & AVDG…

[Read more…] about Judge Approves Reorg Plan by AVDG Parent Guitar Center

Filed Under: Brands, Financial, Integrators, Management, News, Retailers, Strategy Tagged With: Audio Visual Design Group, AVDG, Bain Capital, bankruptcy, Guitar Center

Guitar Center, Owner of AVDG, Files for Bankruptcy

November 23, 2020 by Ted Leave a Comment

Guitar Center store
Guitar Center store [Click to enlarge]

In an unusual Saturday night filing, Guitar Center, Inc., parent company to AV integration company Audio Visual Design Group (AVDG), filed for bankruptcy protection. The move was widely expected by many industry watchers for years, and caps a difficult business history for Guitar Center, starting back in 2007 when they were first acquired by Bain Capital.

See what we know so far about the Guitar Center and AVDG bankruptcy…

[Read more…] about Guitar Center, Owner of AVDG, Files for Bankruptcy

Filed Under: Dealers, Financial, Management, Strategy Tagged With: Audio Visual Design Group, AVDG, Guitar Center

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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