The balance sheet problem being that the income side doesn't equal the outgoings side when half a billion dollars fall due to be repaid in July.
I'm not quite sure what Gibson Brands think their core business actually is any more.
According to Henry J Gibson's now all about becoming the big name in consumer music/video related electronics. Which is why, he announced, Gibson bought the one bit of Philips that Philips couldn't manage to make money out of even after re-launching it as "Xoom" and downsizing it. Philip's haven't had a reputation as a significant name in the consumer audio/TV market for a long time. Search Amazon's UK site for Philips/Xoom audio stuff and it's mostly cheap headphones that are the same as everyone else's cheap headphones
Whether it's wise for a company already over-leveraged with debt to borrow money to buy a failing brand that doesn't make money, especially when the capital isn't there to carry the new acquisition until it's managed to get something produced and on sale is debatable. Even more debatable when the brand isn't well known and needs to take on Sony, Samsung, LG, Panasonic etc. Borrowing money to acquire successful companies then repaying the loans out of the profits can work, but turning round a failing brand is a different matter. That needs money and time and Gibson Brands appear to be running out of both.