Skip to main content

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-F96

Written by Customer Service on . Posted in Public Companies.

MCLEAN, Va., Jan. 06, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $1 billion in K Certificates (K-F96 Certificates) are expected to settle on or about January 14, 2021. The K-F96 Certificates are backed by floating-rate multifamily mortgages with 10-year terms.
K-F96 includes one class (Class AS) of senior bonds indexed to SOFR and backed only by SOFR-based mortgages, and another class (Class AL) of senior bonds indexed to LIBOR and backed only by mortgages which are currently LIBOR-based.K-F96 PricingDetailsCo-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and Goldman Sachs & Co. LLCCo-Managers: BofA Securities, Inc., Brean Capital, LLC, CastleOakSecurities, L.P., Mizuho Securities USA LLC and Morgan Stanley & Co. LLCRelated LinksThe K-F96 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/kf96oc.pdfFreddie Mac Multifamily Securitization OverviewMultifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
The K-F96 Certificates will not be rated, and will include two senior principal and interest classes and two interest-only classes that are also entitled to static prepayment premiums. The K-F96 Certificates are backed by corresponding classes issued by the FREMF 2021-KF96 Mortgage Trust (KF96 Trust) and guaranteed by Freddie Mac. The KF96 Trust will also issue certificates consisting of the Class CL, CS and R Certificates, which will be subordinate to the classes backing the K-F96 Certificates and will not be guaranteed by Freddie Mac.This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.MEDIA CONTACT: Michael Morosi
(703) 918-5851
Michael_Morosi@FreddieMac.com
INVESTOR CONTACTS: Robert Koontz
571-382-4082
Amanda Nunnink
312-407-7510

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.