[Update as of Oct. 2, 2025] At Home has received approval from the U.S. Bankruptcy Court for the District of Delaware for a restructuring plan that would eliminate substantially all of the retailer’s $2 billion in funded debt. Following a restructuring that will take place in the coming weeks, the home goods and décor retailer will be sold to a group of its lenders, including funds affiliated with Redwood Capital Management, Farallon Capital Management and Anchorage Capital Advisors. At Home also will gain access to approximately $500 million under an asset-based loan.
“We are pleased to have reached this important milestone in our efforts to position At Home for future success,” said Brad Weston, CEO of At Home in a statement. “Having received this approval, we are one step closer to emerging from our court-supervised process with a fully de-leveraged balance sheet, a more profitable operating model and new financial resources to invest in our strategic initiatives.”
Throughout the bankruptcy process, which began in June 2025, At Home has continued to operate its ecommerce site and 232 stores located in 39 states.
“As we move forward with a fully optimized store fleet, team members across all of our At Home stores are helping customers prepare for Halloween and the seasonal transition to fall,” said Weston. “We are gearing up for the upcoming holiday season and look forward to continuing to welcome and serve customers in our stores and online.”
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Original story from June 17, 2025 begins-
At Home Files for Bankruptcy, Secures $600M as it Prepares to be Sold
At Home has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware, part of an agreement with its lenders for a prearranged financial restructuring that will eliminate nearly $2 billion of the home furnishings retailer’s funded debt.
“Over the past several months, we’ve taken deliberate steps to strengthen the foundation of our business — sharpening our focus, elevating our customer value proposition and driving operational discipline,” said Brad Weston, CEO of At Home in a statement. “While we have made significant progress advancing our initiatives to date, we are operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs.”
At Home, which will continue serving customers as it moves through the bankruptcy process, will receive a total of $600 million in debtor-in-possession financing for ongoing operations during the restructuring. The retailer expects that this process will end with a sale to the lenders supporting the Restructuring Support Agreement (RSA), which hold more than 95% of At Home’s debt. Lenders supporting the RSA and providing the new capital include Redwood Capital Management, Farallon Capital Management and Anchorage Capital Advisors.
“We are grateful to be moving forward with significant support from our financial stakeholders, which demonstrates their confidence in our business and our future strategy,” said Weston. “Upon emergence from the prearranged restructuring process, At Home will move forward with new owners and a meaningfully strengthened balance sheet. Importantly, this process will also further equip us with opportunities to invest in our strategic initiatives and to continue fortifying our business for the long term.”
In May 2021 At Home sold itself to funds affiliated with Hellman & Friedman for $2.8 billion.
