Freddie Mac Announces Results of Tender Offer for Certain STACR Debt Securities | 2022-02-08 | Press Releases

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MCLEAN, Va., Feb. 08 10, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) (the “Company”) today announced the tender results of its previously announced bid to purchase all or a portion of STACR® (Structured Agency Credit Risk) Debt Securities listed below (the “Notes”).

The Company has made the Offer pursuant to the terms set forth in the Offer to Purchase dated February 1, 2022 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery dated February 1, 2022 (the “ Notice of Guaranteed Delivery”). Delivery” and with the Offer to Tender, the “Offer Documents”). Capitalized terms used but not defined in this press release have the meanings ascribed to them in the Offer Documents.

As of 5:00 p.m., New York City time, on Monday, February 7, 2022 (the “Expiration Time””, approximately $2,144 million of the original principal amount of the Notes had been validly deposited and had not been properly withdrawn , as shown in the table below:

security title CUSIP number ISIN number original director

The amounts
1
Percentage of

original director

Amounts offered

and accepted
2

original director

Amounts offered

and accepted
3
STACR 2015-DNA3 M3 3137G0GW3 US3137G0GW39 $292,821,000 20.43% $59,817,506
STACR 2016-DNA1 M3 3137G0HW2 US3137G0HW20 $468,000,000 12.70% $59,430,484
STACR 2016-HQA1 M3 3137G0JJ9 US3137G0JJ90 $220,000,000 1.12% $2,470,589
STACR 2016-DNA2 M3 3137G0JU4 US3137G0JU46 $495,000,000 7.29% $36,102,000
STACR 2016-HQA2 M3 3137G0KE8 US3137G0KE84 $238,150,000 11.06% $26,341,600
STACR 2016-DNA3 M3 3137G0KQ1 US3137G0KQ15 $389,500,000 37.06% $144,332,171
STACR 2016-DNA4 M3 3137G0LJ6 US3137G0LJ62 $354,000,000 62.38% $220,839,420
STACR 2017-HQA1 M2 3137G0NE5 US3137G0NE57 $139,398,197 39.43% $54,969,811
STACR 2017-DNA2 M2 3137G0NX3 US3137G0NX39 $490,723,000 72.37% $355,143,247
STACR 2017-HQA2 M2 3137G0PU7 US3137G0PU71 $241,500,000 84.88% $204,994,679
STACR 2017-DNA3 M2 3137G0QQ5 US3137G0QQ50 $570,735,000 92.48% $527,838,024
STACR 2018-DNA1 M2 3137G0TH2 US3137G0TH25 $485,095,000 93.03% $451,267,017
Total $2,143,546,548

________________________

1The initial principal amounts have been adjusted to reflect reported exchange activity of MAC Notes or Exchangeable Notes for Eligible Securities initiated during the Tender Offer Period. The results of trading activities reported are preliminary and subject to change.

2Rounded to the nearest hundredth of a percent.

3The initial principal amount deposited includes Notes deposited by way of the Notice of Guaranteed Delivery.

The settlement date for Notes tendered and accepted for purchase under the Offer is expected to be Wednesday, February 9, 2022. All Notes tendered and accepted for purchase under the Offer through the Notice of Guaranteed Delivery should be purchased on February 10. , 2022.

BofA Securities, Inc. and Barclays Capital Inc. are lead managers and CastleOak Securities, LP is a co-lead manager of the offering. For further information regarding the terms of the offer, please contact BofA Securities, Inc. at (980) 387-3907 or (888) 292-0070 (toll free), or Barclays Capital Inc. at (212) 412- 5780 (collect) or (800) 438-3242 (toll-free). Requests for offering materials may be directed to Global Bondholder Services Corporation, as Tenders Agent, at (212) 430-3774 or (855) 654-2015 (toll-free), or by e-mail at [email protected]

This announcement does not constitute an invitation to participate in the Offer in or from any jurisdiction in or from which, or to or from any person to or from whom, it is illegal to make a such Offer under applicable securities laws or otherwise. The distribution of materials relating to the Offer and the transactions contemplated by the Offer may be restricted by law in certain jurisdictions where it is legal to do so. The Offer is void in all jurisdictions where it is prohibited. If any materials relating to the Offer come into your possession, you are required by Freddie Mac to inform you of and to observe all such restrictions. The Offer Materials do not constitute, and may not be used in connection with, an offer or solicitation in any location where offers or solicitations are not permitted by law. If a jurisdiction requires the offer to be made by a licensed broker or dealer and a broker-dealer or any affiliate of a broker-dealer is a licensed broker or dealer in that jurisdiction, the offer will be deemed have been made by the broker-manager or such affiliate on behalf of Freddie Mac in that jurisdiction.

About Freddie Mac Single Family Credit Risk Transfer

Freddie Mac’s Single Family CRT the programs transfer credit risk from US taxpayers to global private capital via securities and (re)insurance policies. We founded the GSE Single-Family CRT market when we published our first Structured Agency Credit Risk (STACR®) notes in July 2013. In November 2013, we launched our agency credit insurance structure® (SICA®) program. Today, CRT is the primary source of private equity investment in residential mortgage lending. For specific STACR and ACIS transaction data, please visit Clarityour CRT data intelligence portal.

About Freddie Mac

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our founding by Congress in 1970, we have made housing more accessible and affordable for buyers and renters in communities nationwide. We are building a better housing finance system for buyers, renters, lenders, investors and ratepayers. Learn more about FreddieMac.comTwitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT: Fred Salomon

703-903-3861

[email protected]

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