Though guitar sales are rocking out, Guitar Center is not.

The nation’s largest retailer of musical instruments has filed for Chapter 11 bankruptcy protection, according to The New York Times.

It’s a sad tune. Bain Capital got its Mitthooks into the company back in 2007, and surprise surprise! The company wound up larded with debt. Throw in a late entry into e-commerce, some tough online competition, and a bout of The Bug®, and what you wind up with is “The Last Waltz” scored for private equity and hedge fund.

The company hopes to emerge from bankruptcy by year’s end, according to The Times. But for anyone who has enjoyed working there, or shopping there, a press release contains a caveat:

While Guitar Center is pleased with its overall store footprint, the Company has engaged A&G Realty Partners to explore opportunities to optimize its real estate portfolio and other agreements to focus on investments that best position the Company to return to its growth trajectory prior to COVID-19.

Speaking of caveats, the lyrics to “Forward Looking Statements,” one of the press release’s greatest hits, will sound familiar to any lawyers in the audience:

This press release includes “forward looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements express our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “will,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. By issuing forward looking statements based on current expectations, opinions, views or beliefs, the Company has no obligation and, except as required by law, is not undertaking any obligation, to update or revise these statements or provide any other information relating to such statements.

Wall Street should give that an 85. It’s got a good beat, and a Suit can dance to it.