CALIFORNIA – At Home Group Inc. announced June 16, that it is filing bankruptcy and court filings show it closing over 25 stores nationwide – including 8 in California.
The company said these are steps it is taking to strengthen its financial foundation and position the business for long-term success while continuing to serve its customers.
At Home has made a deal – a Restructuring Support Agreement (RSA), with lenders who hold most of its debt to restructure its finances.
This plan will erase nearly $2 billion in debt and bring in $200 million in new funding to help the company through the process and move forward.
Under the RSA, At Home expects to transfer ownership to supporting lenders, including Redwood Capital Management, Farallon Capital Management and Anchorage Capital Advisors, after restructuring.
Navigating the impact of tariffs
At Home CEO Brad Weston said they are pleased to have reached this agreement with their lenders, which represents a critical and positive advancement of their work to best position At Home for the future.
“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,” said Weston.
After the restructuring, Weston said At Home will have new owners and a stronger financial foundation.
At Home store closures in California
According to the court filing, At Home is closing the following stores in California:
- 750 Newhall Drive in San Jose
- 2505 El Camino Real in Tustin
- 2200 Harbor Boulevard in Costa Mesa
- 3795 E. Foothills Boulevard in Pasadena
- 1982 E. 20th St. in Chico
- 26532 Towne Center Drive Suites A-B in Foothill Ranch
- 8320 Delta Shores Circle South in Sacramento
- 2900 N. Bellflower Boulevard in Long Beach
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