Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Freddie Mac > News item |
Freddie Mac holders tender $2.14 billion from 12 STACR notes
Chicago, Feb. 8 – Freddie Mac announced that holders had tendered $2.144 billion principal amount from the offer for 12 series of its Structured Agency Credit Risk notes, according to a press release.
The following principal amounts had been accepted from the tendered and not validly withdrawn principal amounts of notes:
• $59,817,506, or 20.43%, of the $292,821,000 outstanding STACR 2015-DNA3 M-3 notes (Cusip: 3137G0GW3) for $1,039.95;
• $59,430,484, or 12.7%, of the $468 million outstanding STACR 2016-DNA1 M-3 notes (Cusip: 3137G0HW2) for $1,051.08;
• $2,470,589, or 1.12%, of the $220 million outstanding STACR 2016-HQA1 M-3 notes (Cusip: 3137G0JJ9) for $1,067.50;
• $36,102,000, or 7.29%, of the $495 million outstanding STACR 2016-DNA2 M-3 notes (Cusip: 3137G0JU4) for $1,044.06;
• $26,341,600, or 11.06%, of the $238.15 million outstanding STACR 2016-HQA2 M-3 notes (Cusip: 3137G0KE8) for $1,042.50;
• $144,332,171, or 37.06%, of the $389.5 million outstanding STACR 2016-DNA3 M-3 notes (Cusip: 3137G0KQ1) for $1,051.05;
• $220,839,420, or 62.38%, of the $354 million outstanding STACR 2016-DNA4 M-3 notes (Cusip: 3137G0LJ6) for $1,042.13;
• $54,969,811, or 39.43%, of the $139,398,197 outstanding STACR 2017-HQA1 M-2 notes (Cusip: 3137G0NE5) for $1,033.75;
• $355,143,247, or 72.37%, of the $490,723,000 outstanding STACR 2017-DNA2 M-2 notes (Cusip: 3137G0NX3) for $1,038.09;
• $204,994,679, or 84.88%, of the $241.5 million outstanding STACR 2017-HQA2 M-2 notes (Cusip: 3137G0PU7) for $1,033.28;
• $527,838,024, or 92.48%, of the $570,735,000 outstanding STACR 2017-DNA3 M-2 notes (Cusip: 3137G0QQ5) for $1,027.32; and
• $451,267,017, or 93.03%, of the $485,095,000 outstanding STACR 2018-DNA1 M-2 notes (Cusip: 3137G0TH2) for $1,014.38.
Some of the original principal amounts have been adjusted to reflect reported exchange activity of MAC notes or exchangeable notes into eligible securities initiated during the tender offer period. These numbers are still subject to adjustment.
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 expired 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.