debt
confidence high
sentiment neutral
materiality 0.55
Freddie Mac launches cash tender offer for any and all of certain STACR notes
FEDERAL HOME LOAN MORTGAGE CORP
- Tender offer covers 27 series of STACR notes with original principal amounts totaling ~$1.2B.
- Tender offer consideration ranges from $1,017.93 to $1,189.50 per $1,000 original principal.
- Offer expires October 11, 2024; settlement expected October 16, 2024.
- Wells Fargo Securities and StoneX Financial Inc. serve as lead dealer managers.
- Freddie Mac is the sole beneficial owner of each STACR trust issuing the notes.