Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes
Freddie Mac (OTCQB: FMCC) commenced a fixed-price cash tender offer on Oct 9, 2025 to purchase any and all of specified STACR notes listed in the announcement.
The offer period expires at 5:00 PM New York time on Oct 16, 2025. Freddie Mac expects a Settlement Date of Oct 20, 2025 (with guaranteed-delivery settlements on Oct 21, 2025). Total Consideration will be calculated per the table based on original principal, applicable factor, and the listed Tender Offer Consideration, plus accrued interest to but not including the Settlement Date.
Listed original principal amounts across the eligible classes total approximately $1.566428 billion. Tender prices range from $1,003.43 to $1,180.00 per $1,000 original principal. Dealer managers are Wells Fargo Securities and Cantor Fitzgerald; CastleOak is co-dealer manager.
Freddie Mac (OTCQB: FMCC) ha avviato un'offerta di acquisto a prezzo fisso in contanti il 9 ottobre 2025 per acquistare tutte le note STACR specificate elencate nell'annuncio.
Il periodo dell'offerta scade alle 17:00 ora di New York il 16 ottobre 2025. Freddie Mac prevede una Data di regolamento del 20 ottobre 2025 (con regolamenti a consegna garantita il 21 ottobre 2025). Il corrispettivo totale sarà calcolato secondo la tabella basata sul capitale originale, sul fattore applicabile e sul Tender Offer Consideration indicato, più gli interessi maturati fino alla data di regolamento ma non inclusi.
Gli importi di capitale originale totali tra le classi ammissibili ammontano a circa $1.566.428.000. Le offerte vanno da $1.003,43 a $1.180,00 per ogni $1.000 di capitale originale. I dealer managers sono Wells Fargo Securities e Cantor Fitzgerald; CastleOak è co-dealer manager.
Freddie Mac (OTCQB: FMCC) inició una oferta de compra en efectivo a precio fijo el 9 de octubre de 2025 para adquirir todas las notas STACR especificadas en el anuncio.
El periodo de la oferta vence a las 5:00 p.m., hora de Nueva York, el 16 de octubre de 2025. Freddie Mac espera una Fecha de liquidación del 20 de octubre de 2025 (con liquidaciones garantizadas para la entrega el 21 de octubre de 2025). El importe total se calculará según la tabla basada en el principal original, el factor aplicable y la Compensación de la Oferta indicada, más los intereses acumulados hasta la Fecha de liquidación, sin incluirla.
Los montos de principal original listados entre las clases elegibles suman aproximadamente $1,566,428,000. Los precios de la oferta oscilan entre $1,003.43 y $1,180.00 por cada $1,000 de principal original. Los gestores de la oferta son Wells Fargo Securities y Cantor Fitzgerald; CastleOak es co-gestor.
Freddie Mac (OTCQB: FMCC)은 발표에 명시된 STACR 채권의 지정된 모든 노트를 매입하기 위한 고정가 현금 매수 제안을 2025년 10월 9일에 시작했습니다.
제안 기간은 뉴욕 시간 2025년 10월 16일 17:00에 만료됩니다. Freddie Mac은 정산일 2025년 10월 20일을 기대하며(보장인도 정산은 2025년 10월 21일에 진행됩니다). 총 대금은 원액면, 적용 계수 및 명시된 Tender Offer Consideration에 따라 표에 따라 산정되며, 정산일까지의 누적 이자는 포함되되 정산일은 제외됩니다.
적격 등급 전체의 원액면 총액은 약 $1,566,428,000입니다. 오퍼 가격은 원액면당 $1,003.43에서 $1,180.00 사이입니다. 딜러 매니저는 Wells Fargo Securities와 Cantor Fitzgerald이며, CastleOak이 공동 딜러 매니저입니다.
Freddie Mac (OTCQB: FMCC) a lancé une offre publique d'achat au comptant à prix fixe le 9 octobre 2025 pour acquérir toutes les notes STACR spécifiées dans l'annonce.
La période d'offre se termine à 17h00, heure de New York, le 16 octobre 2025. Freddie Mac prévoit une date de règlement du 20 octobre 2025 (avec règlements à livraison garantie le 21 octobre 2025). La Contrepartie Totale sera calculée selon le tableau basé sur le principal initial, le facteur applicable et la Contrepartie de l'offre indiquée, plus les intérêts accumulés jusqu'à la date de règlement mais sans l'inclure.
Les montants de principal initial parmi les catégories éligibles s'élèvent à environ 1 566 428 000 $. Les prix d'offre varient entre 1 003,43 $ et 1 180,00 $ par 1 000 $ de principal initial. Les gestionnaires de l'offre sont Wells Fargo Securities et Cantor Fitzgerald; CastleOak est co-gestionnaire.
Freddie Mac (OTCQB: FMCC) hat am 9. Oktober 2025 ein festpreisiges Barankaufangebot gestartet, um alle im Hinweis angegebenen STACR-Anleihen zu erwerben.
Die Angebotsfrist endet um 17:00 Uhr New Yorker Zeit am 16. Oktober 2025. Freddie Mac erwartet ein Abwicklungsdatum am 20. Oktober 2025 (mit garantierten Lieferung-Abwicklungen am 21. Oktober 2025). Der Gesamtbarwert wird gemäß der Tabelle basierend auf dem ursprünglichen Nennwert, dem anwendbaren Faktor und der im Angebot genannten Tender-Offer-Consideration berechnet, zuzüglich der bis zum Abwicklungsdatum aufgelaufenen Zinsen, ohne dieses einzuschließen.
Die ursprünglichen Nennwerte der berechtigten Klassen belaufen sich insgesamt auf ca. $1.566.428.000. Die Angebotspreise reichen von $1.003,43 bis $1.180,00 pro $1.000 ursprünglicher Nennwert. Die Händlermanager sind Wells Fargo Securities und Cantor Fitzgerald; CastleOak fungiert als Co-Händlermanager.
Freddie Mac (OTCQB: FMCC) أطلق عرض شراء نقدي ثابت السعر في 9 أكتوبر 2025 لشراء جميع أذونات STACR المحددة المذكورة في الإعلان.
تنتهي فترة العرض في الساعة 5:00 مساءً بتوقيت نيويورك في 16 أكتوبر 2025. تتوقع Freddie Mac إجراء تاريخ settling في 20 أكتوبر 2025 (مع تسويات التسليم المضمونة في 21 أكتوبر 2025). وسيتم حساب الإجمالي المقابل وفقًا للجدول بناءً على القيمة الأصلية، العامل القابل، والتعويض المعروض في العرض، بالإضافة إلى الفوائد المتراكمة حتى تاريخ التسوية دون إدراج التاريخ.
الإجماليات الأصلية للمبالغ الرئيسية عبر الفئات المؤهلة تقارب $1,566,428,000. تتراوح أسعار العرض من $1,003.43 إلى $1,180.00 لكل $1,000 من الأصل الأصلي. المدراء التجاريون هم Wells Fargo Securities و Cantor Fitzgerald؛ CastleOak شريك مدير مساعد.
Freddie Mac (OTCQB: FMCC) 已在 2025年10月9日 开始一项固定价格现金 tender 要约，购买公告中列出的指定 STACR 票据。
要约期在 纽约时间 2025年10月16日 下午5:00 结束。Freddie Mac 预计的 结算日为 2025年10月20日（带保管交割的结算在 2025年10月21日）。“总对价”将按表格基于原始本金、适用因子和所列的 Tender Offer Consideration 计算，并加上直到结算日但不包括结算日的应计利息。
在符合条件的类别中列出的原始本金总额约为 $1,566,428,000。投标价从 $1,003.43 到 $1,180.00 每 1000 美元原始本金。经销商经理为 Wells Fargo Securities 与 Cantor Fitzgerald；CastleOak 为共同经销商经理。
- Eligible notes listed total approximately $1.566428 billion original principal
- Tender prices offered range from $1,003.43 to $1,180.00 per $1,000
- Settlement expected on Oct 20, 2025 (guaranteed delivery Oct 21, 2025)
- Tender Consideration exceeds principal (premiums up to $180 per $1,000), representing a cash outflow
- Offer expires quickly on Oct 16, 2025 at 5:00 PM, limiting holder decision time
MCLEAN, Va., Oct. 09, 2025 (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 Thursday, October 9, 2025. 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.
Freddie Mac has engaged Wells Fargo Securities, LLC and Cantor Fitzgerald & Co. 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. 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 October 9, 2025 (as amended from time to time, the “Offer to Purchase”) and related Notice of Guaranteed Delivery dated October 9, 2025 (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 Thursday, October 9, 2025, and expire at 5 p.m., New York City time, on Thursday, October 16, 2025 (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 Thursday, October 16, 2025, 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 Monday, October 20, 2025. Any Notes tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on Tuesday, October 21, 2025, but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date.
| Title of Security | STACR Trust (If applicable) | CUSIP Number (U.S. / Regulation S) | ISIN Number (U.S. / Regulation S) | Original Principal Amount | Tender Offer Consideration (per original principal amount) | ||
| STACR 2017-HRP1 B-1 | N/A | 3137G0TF6 / N/A | US3137G0TF68 / N/A | ||||
| STACR 2019-DNA2 B-2 | Freddie Mac STACR Trust 2019-DNA2 | 35564LBE6 / N/A | US35564LBE65 / N/A | ||||
| STACR 2019-FTR2 B-2 | Freddie Mac STACR Trust 2019-FTR2 | 35564WBE2 / N/A | US35564WBE21 / N/A | ||||
| STACR 2019-HQA4 B-2 | Freddie Mac STACR REMIC Trust 2019-HQA4 | 35565CBE5 / U3198LBE5 | US35565CBE57 / USU3198LBE57 | ||||
| STACR 2021-HQA2 M-2 | Freddie Mac STACR REMIC Trust 2021-HQA2 | 35564KFV6 / U3201WFV4 | US35564KFV61 / USU3201WFV47 | ||||
| STACR 2021-HQA4 M-1 | Freddie Mac STACR REMIC Trust 2021-HQA4 | 35564KNK1 / U3201WNK9 | US35564KNK15 / USU3201WNK99 | ||||
| STACR 2022-DNA3 B-2 | Freddie Mac STACR REMIC Trust 2022-DNA3 | 35564KWG0 / U3201WWG8 | US35564KWG02 / USU3201WWG86 | ||||
| STACR 2022-DNA4 B-2 | Freddie Mac STACR REMIC Trust 2022-DNA4 | 35564KYC7 / U3201WYC5 | US35564KYC79 / USU3201WYC54 | ||||
| STACR 2022-DNA5 B-2 | Freddie Mac STACR REMIC Trust 2022-DNA5 | 35564KZY8 / U3201WZY6 | US35564KZY80 / USU3201WZY65 | ||||
| STACR 2022-HQA2 M-1A | Freddie Mac STACR REMIC Trust 2022-HQA2 | 35564KB24 / U3201WB22 | US35564KB241 / USU3201WB220 | ||||
| STACR 2022-HQA3 M-1A | Freddie Mac STACR REMIC Trust 2022-HQA3 | 35564KE39 / U3201WE29 | US35564KE393 / USU3201WE299 | ||||
* The Original Principal Amount set forth for such Notes in this table does not include the additional portion of such Notes identified in the Offer to Purchase as an Associated Eligible Series of Notes, which, upon the completion of the indicated exchange of the related ineligible securities for such Associated Eligible Series of Notes, would also become eligible to participate in the Offer.
This announcement is neither an offer to buy nor a solicitation of offers to buy any of these securities. None of Freddie Mac, the Dealer Managers, or the Information Agent make any recommendation that any holder of the securities tender or refrain from tendering all or any portion of the original principal amount of such holder’s securities. Holders must make their own decisions whether to tender securities, and if so, decide on the original principal amount of securities to tender.
The Offer is being made only upon the terms and subject to the conditions set forth in the Offer Documents. Copies of the Offer Documents may be obtained on Freddie Mac’s website at https://capitalmarkets.freddiemac.com/crt/securities or from the Information Agent for the Offer, Global Bondholder Services Corporation’s website at https://www.gbsc-usa.com/FreddieMac, or by calling (212) 430-3774 or (855) 654-2015 (toll-free). Questions regarding the Offer may be directed to Wells Fargo Securities, LLC at (704) 410-4820 (collect) or (866) 309-6316 (toll free); Cantor Fitzgerald & Co. at (212) 610-2220; or Global Bondholder Services Corporation, as tender agent, at (212) 430-3774 or (855) 654-2015 (toll-free).
This announcement does not constitute an invitation to participate in the Offer in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such Offer under applicable securities laws or otherwise. The distribution of materials relating to the Offer, and the transactions contemplated by the Offer, may be restricted by law in certain jurisdictions where it is legal to do so. The Offer is void in all jurisdictions where it is prohibited. If materials relating to the Offer come into your possession, you are required by Freddie Mac to inform yourself of and to observe all of these restrictions. The materials relating to the Offer do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Offer be made by a licensed broker or dealer and a dealer manager or any affiliate of a dealer manager is a licensed broker or dealer in that jurisdiction, the Offer shall be deemed to be made by the dealer manager or such affiliate on behalf of Freddie Mac in that jurisdiction.
About Freddie Mac Single-Family Credit Risk Transfer
Freddie Mac’s Single-Family CRT programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies. We founded the GSE Single-Family CRT market when we issued our first Structured Agency Credit Risk (STACR®) notes in July 2013. In November 2013, we introduced our Agency Credit Insurance Structure® (ACIS®) program. Today, CRT serves as the primary source of private capital investment in residential mortgage credit. For specific STACR and ACIS transaction data, please visit Clarity, our CRT data intelligence portal.
About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | LinkedIn | Facebook | X | Instagram | YouTube
MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@freddiemac.com
FAQ
What STACR notes is Freddie Mac (FMCC) offering to buy in the Oct 9, 2025 tender offer?
When does the FMCC tender offer start and when does it expire?
What settlement dates will apply if FMCC accepts tendered STACR notes?
What price will FMCC pay per $1,000 principal in the tender offer?
How can holders obtain the FMCC Offer Documents or ask questions about the Oct 2025 tender offer?
