debt
confidence high
sentiment neutral
materiality 0.55
Freddie Mac launches fixed-price cash tender offer for $1.6B in STACR notes
FEDERAL HOME LOAN MORTGAGE CORP
- Offer covers any and all of 10 STACR note classes from 2019-2022 trusts.
- Total consideration ranges from $1,004.90 to $1,155.13 per $1,000 original principal.
- Tender period runs Feb 3 to Feb 7, 2025; settlement expected Feb 11.
- BofA Securities and Morgan Stanley are lead dealer managers; Academy Securities is co-dealer manager.
- Freddie Mac is the sole beneficial owner of each issuing trust.