Home furnishing chain At Home is set to emerge from bankruptcy after receiving court approval for its restructuring resolution as part of the Chapter 11 process.

Under the terms of the plan, At Home will have eliminated all of its nearly $2 billion debt and will have access to approximately $500 million under an asset-based loan. 

In addition, the company’s ownership will transition to its lenders, including funds affiliated with Redwood Capital Management, Farallon Capital Management, and Anchorage Capital Advisors.

The company expects to complete the transactions and emerge from bankruptcy in the coming weeks.

 “Thanks to the hard work of our team over the last few months, we have now accomplished all that we set out to achieve at the beginning of this process,” said Brad Weston, At Home CEO.

“Having received this approval, we are one step closer to emerging from our court-supervised process with a fully de-levered balance sheet, a more profitable operating model and new financial resources to invest in our strategic initiatives.”

At Home filed for Chapter 11 bankruptcy protection in June. Its stores and e-commerce site have been operating as normal during the process.

The Coppell, Texas-headquartered company has closed about 30 stores and currently has 232 stores in 39 states.