Freddie Mac Prices $1.3 Billion Multifamily K-Deal Backed by Properties Controlled by Starwood Capital Group

MCLEAN, VA--(Marketwired - May 27, 2016) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1.3 billion in K Certificates (K-SW1 Certificates), which are backed by 25 properties indirectly controlled by Starwood Capital Group. The K-SW1 Certificates are expected to settle on or about June 8, 2016.

K-SW1 Pricing

Class

Principal/Notional Amount (mm)

Weighted Average Life (Years)

Discounted Margin

Coupon

Yield

Dollar Price

A

$1,269.589

9.44

58

1 mo LIBOR + 58

0.98199%

$100.00

X

$1,410.655

2.60

Non-Offered

Details

• Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and Goldman Sachs and Co.
• Co-Managers: Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and The Williams Capital Group, L.P.

Related Links

• The K-SW1 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/ksw01oc.pdf
• Freddie Mac Multifamily Investor Presentation
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages

The K-SW1 Certificates will not be rated, and include one senior principal and interest class and one interest only class. The K-SW1 Certificates are backed by corresponding classes issued by the FREMF 2016-KSW1 Mortgage Trust (K-SW1 Trust) and are guaranteed by Freddie Mac. The K-SW1 Trust will also issue certificates consisting of the Class B, C and R Certificates, which will be subordinate to the classes backing the K-SW1 Certificates. The K-SW1 Trust Class B, C and R Certificates will not be guaranteed by Freddie Mac.