Freddie Mac starts any-and-all tender offer for 12 STACR notes

Chicago, Feb. 1 – Freddie Mac launched a tender offer for any and all of the outstanding notes from 12 series of its Structured Agency Credit Risk notes, according to a press release.

The agency is offering to buy notes from the following series for the related tender offer considerations per $1,000 original principal amount of notes:

• $292,821,000 outstanding STACR 2015-DNA3 M-3 notes (Cusip: 3137G0GW3) for $1,039.95;

• $468 million outstanding STACR 2016-DNA1 M-3 notes (Cusip: 3137G0HW2) for $1,051.08;

• $220 million outstanding STACR 2016-HQA1 M-3 notes (Cusip: 3137G0JJ9) for $1,067.50;

• $495 million outstanding STACR 2016-DNA2 M-3 notes (Cusip: 3137G0JU4) for $1,044.06;

• $238.15 million outstanding STACR 2016-HQA2 M-3 notes (Cusip: 3137G0KE8) for $1,042.50;

• $389.5 million outstanding STACR 2016-DNA3 M-3 notes (Cusip: 3137G0KQ1) for $1,051.05;

• $354 million outstanding STACR 2016-DNA4 M-3 notes (Cusip: 3137G0LJ6) for $1,042.13;

• $139,398,197 outstanding STACR 2017-HQA1 M-2 notes (Cusip: 3137G0NE5) for $1,033.75;

• $490,723,000 outstanding STACR 2017-DNA2 M-2 notes (Cusip: 3137G0NX3) for $1,038.09;

• $167,615,000 outstanding STACR 2017-HQA2 M-2 notes (Cusip: 3137G0PU7) for $1,033.28;

• $480,927,000 outstanding STACR 2017-DNA3 M-2 notes (Cusip: 3137G0QQ5) for $1,027.32; and

• $351,262,500 outstanding STACR 2018-DNA1 M-2 notes (Cusip: 3137G0TH2) for $1,014.38.

Pricing for the tender offer will use the original principal amount, the applicable factor and the applicable tender offer consideration.

Interest will also be paid to the settlement date, expected for Feb. 9.

Settlement for notes tendered via guaranteed delivery is planned for Feb. 10, with interest only paid through the original settlement date.

The offer expires at 5 p.m. ET on Feb. 7.

BofA Securities, Inc. (980 387-3907, 888 292-0070) and Barclays (212 412-5780, 800 438-3242) are the lead dealer managers.

CastleOak Securities, LP is the co-dealer manager.

Global Bondholder Services Corp. is the information agent (212 430-3774, 855 654-2015, https://www.gbsc-usa.com/FreddieMac).

The government-sponsored enterprise is based in McLean, Va.

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