Freddie Mac Announces Tender Offer for All STACR Bonds

MCLEAN, Va., Aug. 29, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed price cash tender offer (the “Offer”) to purchase all of the Structured Agency Credit Risk (STACR) Notes listed in the table below (the “Notes”), commencing on Thursday, August 29, 2024. Certain classes of Notes subject to the Offer have been issued by the STACR Trust listed in the table below (each, a “Trust”). Freddie Mac is the holder of the certificate of ownership issued by each Trust and, as a result, is the sole beneficial owner of each Trust.

Freddie Mac has retained Citigroup Global Markets Inc. and BofA Securities, Inc. as lead dealer managers (the “Lead Dealer Managers”) and Academy Securities, Inc. as co-dealer manager (the “Co-Dealer Manager” and, collectively with the Lead Dealer Managers, the “Dealer Managers”) for the Offering. Freddie Mac is offering to purchase all of the listed Notes. The applicable Total Consideration payable by Freddie Mac to holders of Notes accepted for purchase pursuant to the Offer will be calculated based on the original principal amount of such Notes tendered and accepted, the applicable factor and the applicable Tender Fee set forth in the table below, plus any accrued and unpaid interest under the applicable Debt Agreement or Indenture on the terms and subject to the conditions set forth in the Offer to Purchase dated August 29, 2024 (as amended from time to time, the “Offer to Purchase”) and the related Notice of Guaranteed Delivery dated August 29, 2024 (collectively with the Offer to Purchase, the “Offer Documents”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Offer to Purchase.