Achieve gets $225 million fully committed debt facility

By Marisa Wong

Los Angeles, Oct. 20 – Achieve announced it raised a new debt facility totaling $225 million with participation from O’Connor Capital Solutions, the private credit unit of UBS O’Connor LLC, and others, including a multi-trillion dollar asset manager, according to a press release.

The debt facility is fully committed.

The capital will support technology investment and development, marketing and branding efforts and research and development of new technologies.

Jeffries acted as arranger and bookrunner to Achieve, and Sullivan & Cromwell LLP acted as legal counsel.

Achieve is a digital personal finance company based in San Mateo, Calif.

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