The maker of the Gibson guitar, omnipresent for decades on the American music stage, is filing for bankruptcy protection after wrestling for years with debt.
A pre-negotiated reorganisation plan filed on Tuesday will allow Gibson Brands Inc. to continue operations with $135 million (£100m) in financing from lenders.
Gibson guitars have been esteemed by generations of guitar legends.
After Chuck Berry died, his beloved cherry-red Gibson guitar was bolted to the inside of his coffin lid.
