Freddie Mac Prices $1 Billion Multifamily K-Deal, K-095

MCLEAN, Va., Aug. 02, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominately 10-year terms. The company expects to issue approximately $1 billion in K Certificates (K-095 Certificates), which are expected to settle on or about August 9, 2019.
K-095 PricingDetailsCo-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and Amherst Pierpont Securities LLCCo-Managers: Brean Capital, LLC, Cantor Fitzgerald & Co., Credit Suisse Securities (USA) LLC and Mischler Financial Group, Inc.Rating Agencies: Fitch Ratings, Inc. and Kroll Bond Rating Agency, Inc.Related LinksThe K-095 Preliminary Offering Circular Supplement:           Freddie Mac Multifamily Securitization OverviewMultifamily Securities Investor Access database of post-securitization data from Investor Reporting PackagesMore information about Class A-M and Class XAMThe K-095 Certificates are backed by corresponding classes issued by the FREMF 2019-K95 Mortgage Trust (K-95 Trust) and guaranteed by Freddie Mac. The K-95 Trust will also issue certificates consisting of the Class X2-A, Class X2-B, Class B, Class C, Class D and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-095 Certificates.Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company’s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.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, Twitter @FreddieMac and Freddie Mac’s blog CONTACT: Mike Morosi
[email protected]
Amanda Nunnink

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