Freddie Mac Prices $950 Million Multifamily K-Deal, K-722
(firmenpresse) - MCLEAN, VA -- (Marketwired) -- 06/24/16 -- (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue nearly $950 million in K-722 Certificates, which are expected to settle on or about June 29, 2016.
Co-Lead Managers and Joint Bookrunners: Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC
Co-Managers: CastleOak Securities, L.P., Jefferies LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
Rating Agencies: Fitch Ratings, Inc. and Standard & Poor''s Ratings Services
The K-722 preliminary offering circular supplement:
Freddie Mac Multifamily
database of post-securitization data from Investor Reporting Packages
The K-722 Certificates are backed by corresponding classes issued by the FREMF 2016-K722 Mortgage Trust (K-722 Trust) and guaranteed by Freddie Mac. The K-722 Trust will also issue Class X2-A, X2-B, B, C, D and R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-722 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, 2014, filed with the Securities and Exchange Commission (SEC) on February 19, 2015; 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, 2014, 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.
Freddie Mac''s press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company''s Annual Report on Form 10-K for the year ended December 31, 2014, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company''s Web site at and the SEC''s Web site at .
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation''s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at , Twitter and Freddie Mac''s blog .
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2016 - 10:01 Uhr
Sprache: Deutsch
News-ID 1443560
Anzahl Zeichen: 2754
contact information:
Contact person:
Town:
MCLEAN, VA
Phone:
Kategorie:
Investment Services & Trading
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 246 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Freddie Mac Prices $950 Million Multifamily K-Deal, K-722
"
steht unter der journalistisch-redaktionellen Verantwortung von
Freddie Mac (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
