FMCC - Freddie Mac Announces Results of Tender Offer for Certain STACR Notes | Benzinga
MCLEAN, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) (the "Company") today announced the tender results of its previously announced offer to purchase (the "Offer") any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the "Notes"). Certain of the classes of Notes subject to the Offer were issued by the STACR trusts identified in the table below (each, a "Trust"). Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated September 6, 2023 (the "Offer to Purchase") and related Notice of Guaranteed Delivery dated September 6, 2023 (collectively, the "Offer Documents"). Capitalized terms used but not defined in this Press Release have the meanings ascribed to such terms in the Offer Documents.
As of 5:00 p.m., New York City time, on Tuesday, September 12, 2023 (the "Expiration Time"), approximately $1.28 billion aggregate original principal amount of the Notes had been validly tendered and not properly withdrawn as set forth in the table below:
| Title of Security |
| STACR Trust (if applicable) |
| CUSIP Number |
| ISIN Number |
| Original Principal Amount1 |
| Percentage of Original Principal Amount Tendered and Accepted 2, 3 |
| Original Principal Amount Tendered and Accepted3 |
| STACR 2017-DNA3 B-1 |
| N/A |
| 3137G0RJ0 |
| US3137G0RJ09 |
| $101,424,416 |
| 62.85 |
| % |
| $63,747,369 |
| STACR 2018-DNA1 B-1 |
| N/A |
| 3137G0UB3 |
| US3137G0UB36 |
| 79,854,653 |
| 97.86 |
| % |
| 78,149,749 |
| STACR 2018-DNA3 B-1 |
| Freddie Mac STACR Trust 2018-DNA3 |
| 35563WBD5 |
| US35563WBD56 |
| 105,000,000 |
| 69.92 |
| % |
| 73,415,000 |
| STACR 2018-HQA1 B-1 |
| N/A |
| 3137G0UX5 |
| US3137G0UX55 |
| 93,650,000 |
| 7.59 |
| % |
| 7,110,000 |
| STACR 2018-HQA2 B-1 |
| Freddie Mac STACR Trust 2018-HQA2 |