Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-F42

MCLEAN, VA--(Marketwired - Feb 14, 2018) - 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 $1.2 billion in K Certificates (K-F42 Certificates) are expected to settle on or about February 27, 2018.

K-F42 Pricing
Class		Principal/ Notional Amount (mm)		Weighted Average Life (Years)		Discount Margin		Coupon		Dollar Price
A		$1,271.971		6.62		25		1 mo LIBOR + 25		100.00
XI		$1,413.301		6.62		Non-Offered
XP		$1,413.301		N/A		Non-Offered

Details

• Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and PNC Capital Markets LLC
• Co-Managers: Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, KGS-Alpha Capital Markets, L.P. and Multi-Bank Securities, Inc.

Related Links

• The K-F42 preliminary offering circular supplement:
  http://www.freddiemac.com/mbs/data/kf42oc.pdf   
• Freddie Mac Multifamily Securitization Overview
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages

The K-F42 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-F42 Certificates are backed by corresponding classes issued by the FREMF 2017-KF42 Mortgage Trust (KF42 Trust) and guaranteed by Freddie Mac. The KF42 Trust will also issue certificates consisting of the Class B, C and R Certificates, which will be subordinate to the classes backing the K-F42 Certificates and will not be guaranteed by Freddie Mac.