A major furniture chain has completed its financial restructuring and emerged from Chapter 11 bankruptcy, eliminating nearly $2 billion in funded debt and securing $500 million in new exit financing. The process has strengthened the company's financial position, enabling investment in strategic growth initiatives and the development of a more profitable operating model.
© At Home Group
The retailer At Home Group Inc. operates 229 stores across 39 states and continues to serve customers online at athome.com, offering home products spanning every room, style, and budget. Chief Executive Officer Brad Weston described the development as "an exciting new beginning" and emphasised a renewed focus on relevance, innovation, and customer engagement.
Ownership of At Home has transitioned to a group of lenders, including funds affiliated with Redwood Capital Management, Farallon Capital Management, and Anchorage Capital Advisors. Weston and Redwood's Andrew Kilbourne join the Board of Directors, with industry veterans John Eck, former CEO of Mattress Firm, and Karen Stuckey, ex-Wal-Mart executive, expected to join soon.
Sean Sauler and Ruben Kliksberg of Redwood Capital praised At Home's commitment to strategic growth, innovation, and a customer-focused model, positioning the company for long-term success. The restructuring signals a fresh chapter for At Home, combining financial stability, operational efficiency, and renewed momentum for its retail and online operations.
Source: www.hfbusiness.com
