At Home has announced it will exit from Chapter 11 bankruptcy.

The retailer said that the U.S. Bankruptcy Court for the District of Delaware has confirmed At Home’s plan of reorganization.

Once At Home emerges from bankruptcy, it says it will have nearly eliminated $2 billion of its funded debt and will have access to approximately $500 million under an asset-based loan.

Following the restructuring, the company will be owned by a group of its lenders, including funds affiliated with Redwood Capital Management LLC, Farallon Capital Management L.L.C., and Anchorage Capital Advisors, L.P.

The company said it expects to emerge from its court-supervised restructuring in the coming weeks.

“Having received this approval, we are one step closer to emerging from our court-supervised process w

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