Overview

• The company entered a prepackaged restructuring support agreement with lenders holding more than 95% of its nearly $2 billion debt.
• The agreement will eliminate substantially all of that debt and inject $200 million in new funding to sustain operations through the Chapter 11 process.
• At Home will shutter 26 underperforming stores across 12 states by September 30, 2025, with the potential for additional closures as restructuring continues.
• CEO Brad Weston attributed the filing to an evolving trade environment, rising tariffs on imports, persistent inflation and weakening consumer spending.
• Upon emerging from Chapter 11, ownership of the retailer will transfer to its lenders, positioning the chain with a strengthened balance sheet.