A POPULAR furniture retailer is already emerging from bankruptcy after filing in June.
The US Bankruptcy Court for the District of Delaware gave the stamp of approval on Wednesday after months of closures.
At Home filed for Chapter 11 bankruptcy protection in June[/caption]
At Home, which currently has around 230 stores nationwide, has reached an agreement with lenders to get rid of nearly all of its $2 billion in debt, per a news release.
It will also get an asset-based loan of around $500 million.
Investment firms Redwood Capital Management, Farallon Capital Management, and Anchorage Capital Advisors will own the company moving forward.
Private owners have operated At Home since 2021, when private equity firm Hellman & Friedman acquired it for $2.8 billion, per Retail Dive.
