From Yahoo Finance: 2025-06-16 10:01:00

At Home Group Inc., a Texas-based home decor retailer, filed for Chapter 11 bankruptcy to restructure and wipe out nearly $2 billion in funded debt. The company will receive $200 million in capital and plans to keep a majority of its 260 stores open during the process.

The restructuring agreement includes $600 million in debtor-in-possession financing, with $400 million from existing senior secured debt. Lenders like Redwood Capital Management will become the new owners post-restructuring. At Home aims to emerge with a strengthened balance sheet and strategic opportunities for growth.

CEO Brad Weston stated that At Home’s bankruptcy filing comes after months of efforts to boost sales, manage inventory, and increase efficiency in a challenging trade environment. The company plans to continue selling products in-store and online during the Chapter 11 process.

Read more: Home decor retailer files for Chapter 11 bankruptcy as part of restructuring