Freddie Mac gives results of tender offer for 15 STACR notes

By Marisa Wong

Los Angeles, May 15 – Freddie Mac announced the results of its May 8 tender offer for any and all of certain Structured Agency Credit Risk notes.

As of 5 p.m. ET on May 12, the expiration of the offer, about $684 million of the notes had been tendered, according to a Monday press release.

The following amounts were tendered and accepted:

• $33,508,581, or about 21.1%, of the $158,804,413 original principal amount of STACR 2015-DNA3 M-3 notes (Cusip: 3137G0GW3) for $1,055.47 per note;

• None of the $36 million original principal amount of STACR 2016-DNA1 B notes (Cusip: 3137G0HZ5) for $1,095 per note;

• None of the $36 million original principal amount of STACR 2016-DNA2 B notes (Cusip: 3137G0JZ3) for $1,107.50 per note;

• None of the $35 million original principal amount of STACR 2016-DNA3 B notes (Cusip: 3137G0KV0) for $1,130 per note;

• None of the $31 million principal amount of STACR 2016-DNA4 B notes (Cusip: 3137G0LK3) for $1,062.50 per note;

• None of the $25 million principal amount of STACR 2016-HQA1 B notes (Cusip: 3137G0JM2) for $1,167.50 per note;

• None of the $24 million principal amount of STACR 2016-HQA2 B notes (Cusip: 3137G0KK4) for $1,140 per note;

• $105,325,584, or about 52.66%, of the $200 million original principal amount of STACR 2017-DNA3 B-1 notes (Cusip: 3137G0RJ0) for $1,087.55 per note;

• $63,464,826, or about 84.62%, of the $75 million original principal amount of STACR 2017-HQA3 B-1 notes (Cusip: 3137G0SE0) for $1,085.78 per note;

• $69,058,510, or about 97.19%, of the $71,058,510 original principal amount of STACR 2017-HRP1 B-1 notes (Cusip: 3137G0TF6) for $1,106.30 per note;

• $46.89 million, or about 78.22%, of the $59,945,000 original principal amount of STACR 2017-HRP1 M-2 notes (Cusip: 3137G0SN0) for $1,015.47 per note;

• $50,145,347, or about 38.57%, of the $130 million original principal amount of STACR 2018-DNA1 B-1 notes (Cusip: 3137G0UB3) for $1,038.75 per note;

• $169 million, or about 96.57%, of the $175 million original principal amount of STACR 2018-DNA2 B-1 notes (Cusip: 35563TAV3) for $1,076.72 per note;

• $46.35 million, or 33.11%, of the $140 million original principal amount of STACR 2018-HQA1 B-1 notes (Cusip: 3137G0UX5) for $1,090.63 per note; and

• $100,313,667, or about 78.37%, of the $128 million original principal amount of STACR 2018-HQA2 B-1 notes (Cusip: 35563XBD3) for $1,093.75 per note.

Each consideration is based on $1,000 principal amount per note.

Interest will also be paid to the settlement date, expected for May 16.

There are guaranteed delivery procedures with settlement for that method expected on May 17 (but interest will only be paid through May 16).

BofA Securities, Inc. (980 387-3907, 888 292-0070) and Citigroup Global Markets Inc. (212 733-6106, 800 558-3745) are the lead dealer managers.

Academy Securities, Inc. is the co-dealer manager.

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

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

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