Freddie Mac Prices First Multifamily K-Deal With a Manufactured Housing Community Loan, K-041
(firmenpresse) - MCLEAN, VA -- (Marketwired) -- 12/09/14 -- (OTCQB: FMCC) today priced a new offering of Structured Pass-Through Certificates ("") which are multifamily mortgage-backed securities. The company expects to issue approximately $1.1 billion in K Certificates ("K-041 Certificates"), which are expected to settle on or about December 16, 2014. This is Freddie Mac's sixteenth K Certificates offering this year, and the first one to include a (MHC) loan.
Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Co-Managers: Barclays Capital Inc., Guggenheim Securities, LLC, Morgan Stanley & Co. LLC and Stern Brothers & Co.
Rating Agencies: The three senior classes are expected to receive ratings of "AAAsf" by Fitch Ratings, Inc. and "AAA(sf)" by Kroll Bond Rating Agency, Inc. subject to ongoing monitoring.
Press release announcing
The K-041 preliminary offering circular supplement: .
Freddie Mac Multifamily
database of post-securitization data from Investor Reporting Packages
The K-041 Certificates are backed by corresponding classes issued by the FREMF 2014-K41 Mortgage Trust ("K-41 Trust") and guaranteed by Freddie Mac. The K-41 Trust will also issue certificates consisting of the Class B, C, D, X2-A, X2-B and R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-041 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, 2013, filed with the Securities and Exchange Commission (SEC) on February 27, 2014; 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, 2013, 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, 2013, 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 .
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Datum: 09.12.2014 - 22:24 Uhr
Sprache: Deutsch
News-ID 358349
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MCLEAN, VA
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Commercial & Investment Banking
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