Loan & DebtMay 4, 2026, 09:12 AM
Freddie Mac Launches Tender Offer for $1.73B STACR Notes
AI Summary
Freddie Mac announced a fixed-price cash tender offer for certain STACR (Structured Agency Credit Risk) Notes, totaling $1.73 billion in original principal amount. The offer commenced on May 4, 2026, and is set to expire on May 8, 2026, with an expected settlement date of May 12, 2026. The company is offering to purchase any and all of the listed notes, including STACR 2020-DNA6 B-1, STACR 2021-DNA1 B-1, and others, with specific tender offer considerations per $1,000 original principal amount.
Key Highlights
- Freddie Mac launched a fixed-price cash tender offer for certain STACR Notes.
- The offer targets $1.73 billion in original principal amount of notes.
- The tender offer commenced on May 4, 2026, and expires on May 8, 2026.
- The expected settlement date for the notes is May 12, 2026.
- STACR 2020-DNA6 B-1 notes: $139M original principal, $1,077.50 per $1,000.
- STACR 2021-DNA1 B-1 notes: $208M original principal, $1,063.13 per $1,000.
- STACR 2022-DNA4 M-1B notes: $537M original principal, $1,026.72 per $1,000.
- STACR 2023-DNA2 M-1A notes: $382M original principal, $1,016.94 per $1,000.