Freddie Mac updates results of tender offer for 15 STACR notes

By Marisa Wong

Los Angeles, May 17 – Freddie Mac announced updated 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 16, the guaranteed delivery deadline, $677,306,515 of the notes had been tendered and accepted, according to a Wednesday press release.

On Monday the issuer had announced tenders totaling $684,056,515 as of the expiration of the offer at 5 p.m. ET on May 12.

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;

• $98,575,584, or about 49.29%, of the $200 million original principal amount of STACR 2017-DNA3 B-1 notes (Cusip: 3137G0RJ0), updated from $105,325,584 as of the expiration deadline, 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 May 16 settlement date.

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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