Freddie Mac starts any-and-all tender offer for STACR notes

By Mary-Katherine Stinson

Lexington, Ky., March 6 – Freddie Mac started an any-and-all tender offer for certain STACR notes beginning on March 6, according to a press release.

The agency is offering to buy notes from the following series:

• $57,620,333 original principal amount of STACR 2017-DNA2 B-1 notes (ISIN: US3137G0PR43) for a fixed purchase price of $1,117.50 per note;

• $31,585,000 original principal amount of STACR 2018-DNA3 B-1 notes (ISIN: US35563WBD56) from the STACR Trust 2018-DNA3 for a fixed purchase price of $1,110 per note;

• $16.75 million original principal amount of STACR 2019-DNA4 B-1 notes (ISIN: US35565ABD19) from the STACR REMIC Trust 2019-DNA4 for a fixed purchase price of $1,040 per note;

• $40.25 million original principal amount of STACR 2019-FTR2 B-1 notes (ISIN: US35564WBD48) from the STACR Trust 2019-FTR2 for a fixed purchase price of $1,075 per note;

• $81.4 million original principal amount of STACR 2019-HQA1 B-1 notes (ISIN: US35563MBD74) from the STACR Trust 2019-HQA1 for a fixed purchase price of $1,112.50 per note;

• $43,290,791 original principal amount of STACR 2019-HQA3 B-1 notes (ISIN: US35564XBD21) from the STACR Trust 2019-HQA3 for a fixed purchase price of $1,067.50 per note;

• $25,355,234 original principal amount of STACR 2019-HQA4 B-1 notes (ISIN: US35565CBD74) from the STACR REMIC Trust 2019-HQA4 for a fixed purchase price of $1,042.50 per note;

• $15.29 million original principal amount of STACR 2019-HRP1 M-3 notes (ISIN: US35564RBF01) from the STACR Trust 2019-HRP1 for a fixed purchase price of $1,040 per note;

• $250 million original principal amount of STACR 2020-DNA3 B-1 notes (ISIN: US35565WBD39) from the STACR REMIC Trust 2020-DNA3 for a fixed purchase price of $1,117.50 per note;

• $308 million original principal amount of STACR 2020-DNA5 M-2 notes (ISIN: US35566AAH23) from the STACR REMIC Trust 2020-DNA5 for a fixed purchase price of $1,019.40 per note;

• $208 million original principal amount of STACR 2020-DNA6 M-2 notes (ISIN: US35566CAH88) from the STACR REMIC Trust 2020-DNA6 for a fixed purchase price of $1,022.50 per note;

• $225 million original principal amount of STACR 2020-HQA3 B-1 notes (ISIN: US35565MBD56) from the STACR REMIC Trust 2020-HQA3 for a fixed purchase price of $1,133.75 per note; and

• $375 million original principal amount of STACR 2020-HQA5 M-2 notes (ISIN: US35565TAH23) from the STACR REMIC Trust 2020-HQA5 for a fixed purchase price of $1,031.25 per note.

The purchase prices are based on $1,000 notes, and interest will also be paid.

The tender offer expires at 5 p.m. ET on March 12, also the withdrawal time.

Settlement is expected for March 14.

There are guaranteed delivery procedures, with settlement for that method on March 15.

BofA Securities, Inc. (980 387-3907, 888 292-0070) and Nomura Securities International, Inc. (212 667-2159) 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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