At Home Announces Completion of $200 Million Private Placement and Related Transactions

At Home Group Inc. (the “Company”) announced today that it has closed a new $200 million private placement and completed a series of refinancing transactions to strengthen its balance sheet and position the business to take advantage of opportunities created by recent competitive exits in the sector.

“These transactions further strengthen our financial position and provide At Home with incremental capital to support our growth objectives and execute on our strategic plan,” said Lee Bird, Chairman & CEO of At Home. “At Home’s value positioning, unique product assortment and unmatched selection remain highly differentiated in the marketplace. With these transactions, we are able to further invest in our business and strengthen our position as the leading destination for home décor. And with significant runway to add stores, we believe we are well positioned to continue our long track record of double-digit growth in the coming years. We appreciate the support from our financing partners who recognize the value of our business and potential for long-term growth.”

Under the transactions, a subsidiary of the Company completed a private placement of $200 million aggregate principal amount of 11.500% Senior Secured Notes due 2028 (“New Money Notes”), the net proceeds of which were on-lent to the Company.

Concurrent with the offering of the New Money Notes, certain holders of the Company’s existing 7.125% Senior Unsecured Notes due 2029 (the “Existing Unsecured Notes”) will exchange their Existing Unsecured Notes for new 7.125%/8.625% Cash/PIK Toggle Senior Secured Notes due 2028 issued by the Company (the “Exchange Notes”).

The Company expects to exchange approximately $447 million of its Existing Unsecured Notes for Exchange Notes in aggregate principal amount of approximately $412 million, representing an exchange of Existing Unsecured Notes for Exchange Notes at 90% of par value plus accrued interest.

The New Money Notes and the Exchange Notes (“Notes”) were not registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. The Notes were offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Forward-Looking Statements

This press release contains a number of forward-looking statements. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “outlook,” “plan,” “potential,” “project,” “projection,” “seek,” “can,” “could,” “may,” “should,” “would,” “will,” the negatives thereof and other words and terms of similar meaning. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

About At Home

At Home, The Home and Holiday Superstore, offers up to 45,000 on-trend home products to fit every room, style, budget or season. From furniture, mirrors, rugs, art and housewares, to tabletop, patio and seasonal décor, At Home offers décor for all, and always for less. Headquartered in Dallas, Texas, At Home currently operates 262 stores in 40 states. For more information, please visit us online at athome.com.

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