At Home Group Inc.

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Big-box retailer has struck a deal with lenders to eliminate almost all of its nearly $2 billion in funded debt and has secured around $200 million in capital to support its operations.

At Home, the big-box home décor and furnishings brand, is the most recent in a series of home goods stores, including Big Lots and True Value, to file for bankruptcy in recent months. Today, the company announced that it is seeking Chapter 11 protection after tariff-related costs, inflation, and reduced foot traffic have taken a bite out of sales.

Home decor retailer At Home Group has entered Chapter 11 bankruptcy to pave the way for a "restructuring support agreement" it has reached with lenders.

DALLAS--(BUSINESS WIRE)--At Home Group Inc. (“At Home” or the “Company”) today announced steps the Company is taking to strengthen its financial foundation and position the business for long-term success while continuing to serve its customers. The Company has entered into a Restructuring Support Agreement (the "RSA") with lenders holding more than 95% of the Company's debt that sets forth terms of a prearranged financial restructuring that will eliminate substantially all of the Company's near.