Freddie Mac Prices $769 Million Multifamily K-Deal, K-F69
MCLEAN, Va., Oct. 25, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with 10-year terms. The approximately $769 million in K Certificates (K-F69 Certificates) are expected to settle on or about October 30, 2019.
K-F69 PricingDetailsCo-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and Amherst Pierpont Securities LLCCo-Managers: Cantor Fitzgerald & Co.. Jefferies LLC, Loop Capital Markets LLC and Wells Fargo Securities, LLCRelated LinksThe K-F69 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/kF69oc.pdfFreddie Mac Multifamily Securitization OverviewMultifamily Securities Investor Access database of post-securitization data from Investor Reporting PackagesThe K-F69 Certificates will not be rated, and will include one senior principal and interest class, one interest-only class, and one class entitled to static prepayment premiums. The K-F69 Certificates are backed by corresponding classes issued by the FREMF 2019-KF69 Mortgage Trust (KF69 Trust) and guaranteed by Freddie Mac. The KF69 Trust will also issue certificates consisting of the Class B, C and R Certificates, which will be subordinate to the classes backing the K-F69 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, 2018, filed with the Securities and Exchange Commission (SEC) on February 14, 2019; 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, 2018, 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 The information could be out of date and no longer accurate.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
INVESTOR CONTACTS: Robert Koontz