At Home Group Inc. prepares to file for Chapter 11 bankruptcy: report

In Home Group Inc. And a home decoration dealer, based in Texas, is preparing to apply for the protection of bankruptcy 11 in the coming weeks as it enhances its liquidity.

The retail seller – owned by the private stock company Hilman and Faridman – has faced a lack of money in recent months, which has exacerbated the effects of American definitions and the global trade war.

On May 15, he was absent from the house, and on May 23, a patience agreement entered with its lenders. This agreement – which temporarily suspends payments – lasts until June 30, and told people familiar with the Bloomberg matter.

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A spokesman for the Home Group Inc. “These agreements provide us with flexibility and we continue to take steps to put them at home for near and long -term success.”

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The company, which has more than 250 stores in 40 states, currently has $ 17.3 million, is available under its asset -based facility, according to some people who have knowledge of the issue. In the first bond of Line at home, it was circulated in 2028 on May 8 at about 26.5 cents on the dollar, a decrease of 41.25 cents on January 7, according to Bloomberg.

In Home Group Inc. And a home decoration dealer, based in Texas, is preparing to submit a file for bankruptcy 11 in the coming weeks as it enhances liquidity. (Business Wire / Fox News)

The home was searched for new suppliers abroad, as the company is trying to stay away from China amid concerns about the customs tariff, Bloomberg said.

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Earlier this month, Home Group Inc. announced. She appointed Brad Weston as her new executive, as of June 3. Weston recently worked as a CEO of Party City Holdings Inc. , According to the company’s announcement.

Earlier this month, Home Group Inc. announced. She appointed Brad Weston as her new executive, as of June 3. Weston recently worked as a CEO of Party City Holdings Inc. (Business Wire / Fox News)

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Hilman and Faridman refused to comment. In Home Group Inc. And PJT Partners Inc. You did not respond immediately on the request of Fox Business for comment.