Freddie Mac updates results of tender offer for 20 STACR notes

By Wendy Van Sickle

Columbus, Ohio, Aug. 11 – Freddie Mac announced updated 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.

By the guaranteed delivery deadline, 5 p.m. ET on Aug. 10, the issuer had received and accepted tenders of the following amounts of notes in an aggregate amount of $2.456 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;

• $103,781,587, or 39.52%, 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.

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.

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

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

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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