At Home Group has completed its financial restructuring and, in the process, wiped out nearly all of its $2 billion in funded debt.

The company announced Oct. 24 it emerged from Chapter 11 bankruptcy with $500 million in new exit financing to drive its growth. The home furnishings specialty chain filed for bankruptcy in June as well as shuttered 31 locations, including three in New Jersey, while restructuring. It now operates 229 stores in 39 states.

According to its website, these Garden State locations are still open:

• Brick
• Cherry Hill
• Princeton
• Turnersville
• Wayne

“We are officially starting our next phase with renewed financial strength, flexibility and momentum. We’re taking decisive actions to become more relevant, more inspiring and more connected to our customers,” said Brad Weston, CEO.

Ownership of At Home has transitioned to a group of its lenders, including funds affiliated with Redwood Capital Management, Farallon Capital Management and Anchorage Capital Advisors.

The At Home Board of Directors appointed Weston and Redwood Capital Management representative Andrew Kilbourne to the group. A pair of veteran retail execs are expected to join the board in the near term, as well: John Eck most recently served as CEO of Mattress Firm prior to its sale to Somnigroup, and Karen Stuckey spent 18 years at WalMart and currently serves on the board of Gildan.

“The company’s commitment to customer centricity and delivering fresh, inspiring assortments positions it for an exciting future,” said Eck.

Editor’s note: A version of this story was originally published on NJBIZ sister publication Furniture Today. Dawn Furnas contributed this update.