Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-F38

MCLEAN, VA--(Marketwired - Nov 10, 2017) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with seven-year terms. The approximately $1.1 billion in K Certificates (K-F38 Certificates) are expected to settle on or about November 17, 2017.

K-F38 Pricing

Class		Principal/Notional Amount (mm)		Weighted Average Life (Years)		Discount Margin		Coupon		Dollar Price
A		$1,146.227		6.56		33		1 mo LIBOR + 33		100.00
XI		$1,273.586		6.56		Non-Offered
XP		$1,273.586		N/A		Non-Offered

Details

• Co-Lead Managers and Joint Bookrunners: Goldman Sachs & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
• Co-Managers: Barclays Capital Inc., KGS-Alpha Capital Markets, L.P., The Williams Capital Group, L.P. and Wells Fargo Securities, LLC

Related Links

• The K-F38 preliminary offering circular supplement:
  http://www.freddiemac.com/mbs/data/kf38oc.pdf   
• Freddie Mac Multifamily Investor Presentation
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages

The K-F38 Certificates will not be rated, and will include one senior principal and interest class, one interest-only class, and one class entitled to static prepayment premiums. The K-F38 Certificates are backed by corresponding classes issued by the FREMF 2017-KF38 Mortgage Trust (KF38 Trust) and guaranteed by Freddie Mac. The KF38 Trust will also issue certificates consisting of the Class B, C and R Certificates, which will be subordinate to the classes backing the K-F38 Certificates and will not be guaranteed by Freddie Mac.