-Mattress Bathtub & Past Inc filed for Chapter 11 chapter safety on Sunday after the house items retailer didn’t safe funds to remain afloat.

The Union, New Jersey-based residence items retailer filed for chapter in a District of New Jersey courtroom, itemizing each its estimated belongings and liabilities within the vary of $1 billion and $10 billion, in accordance with a courtroom submitting.

Mattress Bathtub & Past (NASDAQ:) mentioned that it has obtained a dedication of roughly $240 million in debtor-in-possession financing from Sixth Road Specialty Lending Inc, in accordance with a separate assertion.

The corporate added that its 360 Mattress Bathtub & Past and 120 buybuy BABY shops and web sites will stay open and proceed serving clients because it begins efforts to impact the closure of its retail places.

In February, the embattled retailer had deliberate to lift round $1 billion by the providing of most well-liked inventory and warrants to keep away from chapter.

The corporate was capable of increase $360 million from the complicated deal serving to it pay mortgage defaults and curiosity funds for senior notes.

However Mattress Bathtub terminated the deal in late March and introduced plans to promote $300 million value of its shares whereas additionally as soon as once more warning it may need to file for chapter if it couldn’t safe the funds.