Guitar Middle Inc, the biggest U.S. retailer of music devices and gear, has reached a restructuring settlement with key stakeholders that features debt discount by practically $800 million, the corporate stated in an announcement. The retailer signed the Restructuring Help Settlement(RSA) with its fairness sponsor, a fund managed by non-public fairness agency Ares Administration LP, new traders Brigade Capital Administration and a fund managed by Carlyle Group, in addition to supermajorities of its noteholder teams. The settlement contains new fairness investements of as much as $165 million to recapitalise the corporate, the retailer stated.