At Home Files Bankruptcy With Lenders Set to Take Over (2)

At Home Group Inc., a retail chain struggling with a heavy debt load, filed for bankruptcy with plans to hand the reins to lenders after President Donald Trump’s tariffs helped pushed the company over the edge.

Investors including Redwood Capital Management LLC, Farallon Capital Management LLC and Anchorage Capital Advisors LP will take over the business under a proposed restructuring deal that would cut nearly $2 billion in debt. Redwood and the other creditors who signed the proposal hold more than 95% of At Home’s debt. The transaction would also bring in $200 million of new capital, according ...