Texas retailer At Home files for bankruptcy, citing tariffs
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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.
The liquidity pressures faced by the home goods retailer were “exacerbated and accelerated” by the uncertain tariff environment, CFO Jeremy Aguilar said.
The private equity-owned company’s latest Chapter 11 filing comes at an awkward time for a retailer dependent on holiday sales for 40% of its revenue.
KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.