Digital personal finance company Achieve on Monday announced the Aug. 14 close of a $266 million, AAA-rated securitization backed by newly originated home equity lines of credit (HELOCs).

The securitization includes six classes of rated mortgage-backed notes and two classes of unrated notes. The deal is backed by more than 3,300 HELOCs originated by Achieve Home Loans, a press release from the company confirmed.

The deal was co-sponsored by Achieve and Sutton Funding LLC, an affiliate of Barclays Capital Inc. Barclays served as the sole structuring agent and lead bookrunner. Jefferies served as the joint bookrunner, and Guggenheim Securities details ⇒