Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Long-Term Debt

Schedule of Long-term debt

Long-term debt consisted of the following (in thousands):

	June 30,		December 31,
	2013		2012
Guitar Center
Senior secured asset-based revolving facility	$	138,000	$	—
Senior secured term loan	619,125		621,762
Obligations under capital leases, payable in monthly installments through 2014 and 2013, respectively	397		54
Senior unsecured notes	394,890		394,890
	1,152,412		1,016,706
Less current portion	6,761		5,941
Guitar Center long-term debt, net of current portion	1,145,651		1,010,765
Holdings
Senior unsecured PIK notes	434,889		564,673
Less current portion	—		129,784
Holdings long-term debt, net of current portion	434,889		434,889
Holdings consolidated long-term debt, net of current portion	$	1,580,540	$	1,445,654

Schedule of future maturities of long-term debt

Future maturities of long-term debt as of June 30, 2013 were as follows (in thousands):

	Guitar Center		Holdings		Holdings Consolidated
Remainder of 2013	$	21,073	$	—	$	21,073
2014	14,582		—		14,582
2015	6,500		—		6,500
2016	126,806		—		126,806
2017	983,451		—		983,451
2018	—		434,889		434,889
	$	1,152,412	$	434,889	$	1,587,301