From Yahoo Finance: 2025-06-17 05:43:00

US home-decor retailer At Home Group files for voluntary Chapter 11 bankruptcy, aiming to cut $2bn in debt through financial reorganization. Lenders, including Redwood Capital Management, Farallon Capital Management, and Anchorage Capital Advisors, are set to take ownership post-restructure. Court-supervised process continues operations and offers affordable design solutions.

At Home secures $600m in debtor-in-possession financing for liquidity during restructuring. CEO Brad Weston emphasizes strengthening the business foundation amidst trade challenges. Legal counsel provided by Kirkland & Ellis, financial advisor PJT Partners, and restructuring advisor AlixPartners ensure efficient Chapter 11 proceedings. Communication advice from Joele Frank and Wilkinson Brimmer Katcher aids in the process.

Bankruptcy proceedings aim to de-lever balance sheet and enhance competitiveness in the market. At Home prioritizes sustaining sales growth, inventory management, efficiency, and profitability. Ad hoc group of lenders, with legal counsel Dechert and financial advisor Evercore Group, supports the restructuring plan. The retailer remains operational and committed to compensating employees and vendors.

Read more: At Home files for bankruptcy with lenders set to take control