Latham & Watkins Advises Initial Purchasers in Guitar Center’s Upsized US$350 Million Senior Secured Notes Offering by Guitar Center Escrow Issuer

Guitar Center Escrow Issuer II, Inc., the indirect wholly owned subsidiary of Guitar Center, Inc., has closed its offering of US$350 million in aggregate principal amount of 8.5% senior secured notes due 2026 at an issue price of 100%. The aggregate principal amount of Notes to be issued in the offering was increased to US$350 million from the previously announced US$335 million.

Latham and Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York partners Keith Halverstam and Andrew Baker, with associates Gemma Mootoo Rajah, Biagio Marino, Regan Devers, and Egzon Sulejmani. Advice was also provided on restructuring matters by New York partner David Hammerman; on tax matters by New York partner Jiyeon Lee-Lim, with associate Ted Gkoo; on collateral matters by New York partner Chris Plaut, with associate Carlos Ibarguengoitia; on real estate matters by New York counsel Betsy Mukamal, with associate Karen Ritter; and on ERISA matters by New York partner Bradd Williamson, with associate Anne Bracaglia.