Sidley Advises Achieve on Its Inaugural US$217 Million Debt Settlement Fee Securitization

Sidley represented Achieve, a leading digital personal finance company, in connection with the closing of its inaugural debt settlement fee asset-backed securitization, ACHD Trust 2025-DS1. The transaction consisted of US$217.2 million of rated notes secured by settlement fees generated through debt resolution programs for U.S. consumers.

The Sidley team was led by T.J. Gordon and Andrew C. Adair (Global Finance) and included Joel E. Haas, Grace Lyman, Atzin R. Villarreal Sosa, Nisha Rajasekar, and Mark Tamvakis (Global Finance); Richard M. Silverman and Alice W. Qin (Tax); David I. Monteiro (Banking, Payments and Fintech); and Dennis M. Twomey and Anna Gumport (Restructuring).

Sidley is a leader in the emerging debt settlement fee asset class, having recently advised on the closing of another rated debt-settlement fee securitization, demonstrating the firm’s market-leading experience in this new area of structured finance.