At Home closes raises $200M

 

At Home announced that it closed a $200M private placement.  The financial move comes after the firm boosted its e-commerce operations last fall by releasing a mobile app and expanding same-day delivery. Companies use private placements to sell shares or bonds to pre-selected buyers rather than on the open market. At Home conducted other refinancing transactions in addition to the private placement. The transactions will allow At Home to exchange $447M of unsecured notes for exchange notes worth $412M in aggregate principal. The deal will help the firm strengthen its position in the home sector amid the failures of Bed Bath & Beyond and Tuesday Morning.