Archive · 16 Jun 2025
At Home Files Bankruptcy with Lenders to Take Over
At Home, a home goods retailer, is reorganizing its business by declaring bankruptcy.
This means the company is facing financial difficulties.
Lenders will take over the company as part of a plan.
The restructuring involves forgiving most of the company's debt, which is about $2 billion.
The company will also receive some new money to help it continue operating.
The retailer has over 250 stores where it sells various home products.
At Home Group Inc. filed for Chapter 11 bankruptcy.
Lenders, including Redwood Capital Management and Farallon Capital Management, will take over.
The restructuring involves creditors writing off most of their $2 billion debt.
The company will receive $200 million in new capital.
The retailer operates over 250 stores across the US.
- Who
- At Home Group Inc., a home décor retailer.
- What
- At Home Group Inc. filed for Chapter 11 bankruptcy.
- When
- The filing occurred recently, with the restructuring agreement announced.
- Where
- Filed in Delaware, operating over 250 stores in the US.
- Why
- To restructure debt and deal with challenges including tariffs.
Challenges
Restructuring
Trade Policies
Challenges
Tariffs impacted the supply chain.
Restructuring
Supply chain shifted to new countries.
- Company
- At Home Group Inc.
- Bankruptcy Type
- Chapter 11
- Debt
- $2 billion
- New Capital
- $200 million
- Store Count
- Over 250
- Lenders Involved
- Redwood Capital Management, Farallon Capital Management, Anchorage Capital Advisors LP
