Freddie Mac - Tender Offer - Launch - Any and All of Certain STACR Notes

Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes

03 NOVEMBER 2023

Full announcement available via Globenewswire

"MCLEAN, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Friday, November 3, 2023. Certain of the classes of Notes subject to the Offer were issued by the STACR Trust 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."

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****PREVIOUS OFFERS BELOW****

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Freddie Mac Announces Results of Tender Offer for Certain STACR Notes

13 SEPTEMBER 2023

Full announcement available via Globenewswire

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"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approximately $1.28 billion aggregate original principal amount of the Notes had been validly tendered and not properly withdrawn as set forth in the table below:"

1 Original principal amounts have been adjusted to reflect reported exchange activity of MAC notes or exchangeable notes into eligible Notes initiated during the tender offer period. Reported exchange activity results are preliminary and are subject to change.

2 Rounded to the nearest hundredth of a percent.

3 For STACR 2019-DNA2 B-1, STACR 2019-DNA3 B-1, STACR 2019-DNA4 B-1, STACR 2019-HQA2 B-1, STACR 2019-HQA3 B-1 and STACR 2019-HQA4 B-1, the original principal amount tendered and accepted includes $3,750,000, $21,485,000, $11,275,000, $35,200,000, $4,500,000 and $15,177,491, respectively, expected to be tendered by guaranteed delivery prior to the guaranteed delivery deadline. The guaranteed delivery deadline is 5:00 p.m., New York City time, on Thursday, September 14, 2023.

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Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes

06 SEPTEMBER 2023

Full announcement available via SEC

"McLean, Va. - Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Wednesday, September 6, 2023. Certain of the Classes of Notes subject to the Offer were issued by the STACR Trust 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."

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***PREVIOUS DEAL DETAILS BELOW***

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Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes

08 MAY 2023

Full announcement available via SEC

"McLean, Va. - Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, May 8, 2023. Certain of the series of Notes subject to the Offer were issued by the STACR trust 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.

Freddie Mac has engaged BofA Securities, Inc. and Citigroup Global Markets Inc. as lead dealer managers (the “Lead Dealer Managers”) and Academy Securities, Inc. as co-dealer manager (the “Co-Dealer Manager” and, collectively with the Lead Dealer Managers, the “Dealer Managers”) for the Offer. Freddie Mac is offering to purchase any and all of the Notes listed. The applicable Total Consideration to be paid by Freddie Mac to holders that tender Notes accepted for purchase pursuant to the Offer will be calculated based on the original principal amount of such tendered and accepted Notes, the applicable factor, and the applicable Tender Offer Consideration identified in the table below, plus any accrued and unpaid interest under the applicable Debt Agreement or Indenture upon the terms and subject to the conditions set forth in the Offer to Purchase dated May 8, 2023 (as amended from time to time, the “Offer to Purchase”) and related Notice of Guaranteed Delivery dated May 8, 2023 (collectively with the Offer to Purchase, the “Offer Documents”). Capitalized terms used and not otherwise defined herein will have the meaning ascribed to such terms in the Offer to Purchase.

The tender offer period will commence on Monday, May 8, 2023, and expire at 5 p.m. New York City time on Friday, May 12, 2023 (the “Expiration Time”), unless extended. Holders must validly tender their Notes at or prior to the Expiration Time. Notes validly tendered may be withdrawn at any time at or prior to 5 p.m., New York City time, on Friday, May 12, 2023, unless extended by Freddie Mac, but not thereafter (except in certain limited circumstances where additional withdrawal rights are granted by Freddie Mac or otherwise required by law).

Holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date (as defined in the Offer to Purchase) for the Notes. Freddie Mac expects the Settlement Date to occur on Tuesday, May 16, 2023. Any Notes tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on Wednesday, May 17, 2023, but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date."

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**PREVIOUS OFFER BELOW**

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Freddie Mac Announces Tender Offer for Any and All of Certain STACR Debt Notes

06 FEBRUARY 2023

Full announcement available via SEC.

McLean, Va. - Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Debt Notes listed in the table below (the “Notes”) beginning Monday, February 6, 2023.

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"Freddie Mac has engaged BofA Securities, Inc. and Wells Fargo Securities, LLC as lead dealer managers (the “Lead Dealer Managers”) and CastleOak Securities, L.P. as co-dealer manager (the “Co-Dealer Manager” and, collectively with the Lead Dealer Managers, the “Dealer Managers”) for the Offer. Freddie Mac is offering to purchase any and all of the Notes listed in the table below. The applicable total consideration to be paid by Freddie Mac to holders that tender Notes accepted for purchase pursuant to the Offer will be calculated based on the original principal amount of such tendered and accepted Notes, the applicable factor, and the applicable Tender Offer Consideration identified in the table below, plus any accrued and unpaid interest under the applicable Debt Agreement upon the terms and subject to the conditions set forth in the Offer to Purchase dated February 6, 2023 (as amended from time to time, the “Offer to Purchase”), the related Notice of Guaranteed Delivery dated February 6, 2023 (the “Notice of Guaranteed Delivery”) and the related Letter of Transmittal dated February 6, 2023 (collectively with the Offer to Purchase and the Notice of Guaranteed Delivery, the “Offer Documents”). Capitalized terms used and not otherwise defined herein will have the meaning ascribed to such terms in the Offer to Purchase.

The tender offer period will commence on Monday, February 6, 2023, and expire at 5 p.m. New York City time on Friday, February 10, 2023 (the “Expiration Time”), unless extended. Holders must validly tender their Notes at or prior to the Expiration Time. Notes validly tendered may be withdrawn at any time at or prior to 5 p.m., New York City time, on Friday, February 10, 2023, unless extended by Freddie Mac, but not thereafter (except in certain limited circumstances where additional withdrawal rights are granted by Freddie Mac or otherwise required by law).

Holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date (as defined in the Offer to Purchase) for the Notes. Freddie Mac expects the Settlement Date to occur on Tuesday, February 14, 2023. Any Notes tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on Wednesday, February 15, 2023, but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date."