Freddie Mac receives tenders for $2.46 billion from 20 STACR notes

Chicago, Aug. 9 – Freddie Mac announced the results of its six-day tender offer for any and all of 20 STACR (Structured Agency Credit Risk) debt notes, according to a press release.

Noteholders tendered and are having accepted the following amounts of notes from an aggregate $2.461 billion tendered, listed with the tender offer consideration per $1,000 principal amount:

• $202,417,188, or 63.26%, of the $320 million STACR 2014-DN3 M-3 (Cusip: 3137G0BK4) at $1,024.06;

• $169,764,477, or 54.41%, of the $312 million STACR 2014-DN4 M-3 (Cusip: 3137G0CU1) at $1,030;

• $9,778,626, or 13.15%, of the $74,378,952 STACR 2014-HQ2 M-3 (Cusip: 3137G0CH0) at $1,030;

• $56,961,000, or 59.96%, of the $95 million STACR 2015-HQ2 M-3 (Cusip: 3137G0FJ3) at $1,016.25;

• $45,048,469, or 37.3%, of the $120,788,000 STACR 2015-HQA1 M-3 (Cusip: 3137G0GJ2) at $1,040;

• $109,071,587, or 41.54%, of the $262,586,000 STACR 2015-DNA3 M-3 (Cusip: 3137G0GW3) at $1,048.75;

• $47,105,511, or 50.76%, of the $92,800,077 STACR 2015-HQA2 M-3 (Cusip: 3137G0HJ1) at $1,055;

• $85,433,996, or 39.27%, of the $217,529,411 STACR 2016-HQA1 M-3 (Cusip: 3137G0JJ9) at $1,082.50;

• $343,439,000, or 74.84%, of the $458,898,000 STACR 2016-DNA2 M-3 (Cusip: 3137G0JU4) at $1,059.22;

• $167,448,200, or 74.68%, of the $224,208,400 STACR 2016-HQA2 M-3 (Cusip: 3137G0KE8) at $1,066.17;

• $126,885,245, or 51.75%, of the $245,167,829 STACR 2016-DNA3 M-3 (Cusip: 3137G0KQ1) at $1,064.38;

• $48,467,225, or 36.4%, of the $133,160,580 STACR 2016-DNA4 M-3 (Cusip: 3137G0LJ6) at $1,043.13;

• $19,023,500, or 33.88%, of the $56,150,615 STACR 2017-DNA1 M-2 (Cusip: 3137G0MD8) at $1,034;

• $177,157,386, or 71.22%, of the $248,734,197 STACR 2017-HQA1 M-2 (Cusip: 3137G0NE5) at $1,042.50;

• $196,356,753, or 99.49%, of the $197,356,753 STACR 2017-DNA2 M-2 (Cusip: 3137G0NX3) at $1,042.50;

• $178,805,321, or 97.97%, of the $182,505,321 STACR 2017-HQA2 M-2 (Cusip: 3137G0PU7) at $1,020;

• $40,576,974, or 94.59%, of the $42,896,976 STACR 2017-DNA3 M-2 (Cusip: 3137G0QQ5) at $1,016.90;

• $14,515,000, or 18.05%, of the $80,403,206 STACR 2017-HQA3 M-2 (Cusip: 3137G0RL5) at $1,015;

• $3,472,983, or 10.27%, of the $33,827,983 STACR 2018-DNA1 M-2 (Cusip: 3137G0TH2) at $1,002; and

• $419,737,121, or 68.08%, of the $616.5 million STACR 2018-HQA1 M-2 (Cusip: 3137G0UD9) at $1,014.14.

The original principal amounts have been adjusted since the start of the offer to reflect reported exchange activity of MAC notes or any other notes.

Holders will also receive accrued interest from the last interest payment date to but excluding the settlement date.

The tender offer expired at 5 p.m. ET on Aug. 8.

Settlement is expected to be on Aug. 10.

Notes tendered using notice of guaranteed delivery and accepted for purchase are expected to be purchased on Aug. 11.

The totals included above include $5.29 million tendered for STACR 2015-DNA3 M-3 and $18,076,910 for STACR 2016-HQA1 M-3 via guaranteed delivery procedures.

The guaranteed delivery deadline is Aug. 10 at 5 p.m. ET.

Copies of the offer documents may be obtained on Freddie Mac’s website at https://crt.freddiemac.com/securities or from information agent Global Bondholder Services Corp. (https://www.gbsc-usa.com/FreddieMac, 212 430-3774 or 855 654-2015).

BofA Securities, Inc. (980 387-3907 or 888 292-0070) and Wells Fargo Securities, LLC (866 309-6316 or 704 410-4756) are lead dealer managers, and Academy Securities, Inc. is co-dealer manager for the offer.

The government-sponsored enterprise that provides mortgage capital to lenders is based in McLean, Va.

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