At Home Group received court approval for its financial restructuring plan, which will eliminate nearly $2 billion in funded debt and provide access to approximately $500 million under an asset-based loan.
- At Home will transition ownership to a group of its lenders, including funds affiliated with
Redwood Capital Management ,Farallon Capital Management , and Anchorage Capital Advisors, L.P - Company will have a fully de-levered balance sheet and a more profitable operating model
- At Home will have new financial resources to invest in its strategic initiatives
- Expects to emerge from its court-supervised restructuring in the coming weeks
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