At Home Group Inc. is renegotiating leases with retail landlords to reduce massive debt

At Home Group Inc. is negotiating with retail landlords and other creditors to restructure its massive $2 billion debt.

Private-equity firm Hellman & Friedman acquired the retailer in a 2021 take-private deal that valued the company at $2.8 billion.

If unable to restructure it’s debt, the home furnishings big-box retailer may have to resort to bankruptcy, according to published reports, and that could result in many store closures.

Home furnishings have experienced a slump since 2022 when mortgage rates soared causing home sales to decline.

At Home operates more than 250 stores across 40 states.

Read more: At Home Group, Stung by Trade War, Explores Bankruptcy (The Wall Street Journal)