Overview

• The U.S. Bankruptcy Court in Delaware approved At Home’s reorganization, and the company says it expects to exit Chapter 11 in the coming weeks.
• The confirmed plan eliminates almost all of the retailer’s roughly $2 billion in funded debt.
• At Home will close 40 stores as part of the restructuring and has been operating about 232 locations in 39 states during the case.
• Ownership will transfer to a lender group including funds affiliated with Redwood Capital Management, Farallon Capital Management and Anchorage Capital Advisors.
• The company, which closed about 30 stores during the proceedings, cited tariffs, inflation and heavy reliance on imported goods as pressures that led to the filing.