Financial experts say Gibson, the parent company of Gibson Guitars, is having money problems – and running out of time.

The company has hundreds of millions of dollars in bank loans coming due this summer.

Gibson is based in Nashville, Tennessee and has an acoustic guitar factory in Bozeman.

Story continues below

The company’s CEO says Gibson has been taking steps to strengthen its financial situation, like working with new creditors and selling off properties in Memphis and Nashville.

LEAVE A REPLY