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.

At Home said in a bankruptcy filing that it has been facing numerous challenges, including a challenging commercial environment, inflation, and concerns over unsustainable customs costs resulting from increased tariffs, as well as reduced foot traffic in stores, and heightened competition.

Listed among the coming closures is the location at 5203 W. War Memorial Drive in Peoria – which opened at The Shoppes at Grand Prairie in late June 2022. A storefront in Crestwood, Illinois, is also set to close. At Home expects to complete the initial closures by Sept. 30.