Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-075

MCLEAN, Va., April 20, 2018 (GLOBE NEWSWIRE) -- 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 $1.1 billion in K Certificates (K-075 Certificates), which are expected to settle on or about April 27, 2018.

K-075 Pricing

Class	Principal/Notional Amount (mm)		Weighted Average Life (Years)	Spread (bps)	Coupon	Yield	Dollar Price
A-1	$115.022		6.87	S + 39	3.5680%	3.2241%	$101.9941
A-2	$933.124		9.79	S + 52	3.6500%	3.3811%	$102.1947
A-M	$61.276		9.83	S + 60	3.6500%	3.4612%	$101.5353
X1	$1,048.146		9.47	T+85	0.1342%	3.7597%	$1.4402
XAM	$61.276		9.83	Non-Offered
X3	$180.604		9.95	T+270	2.1296%	5.6180%	$16.1035

Details

• Co-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
• Co-Managers: Amherst Pierpont Securities LLC, Brean Capital, LLC, CastleOak Securities, L.P. and Jefferies LLC
• Rating Agencies: DBRS, Inc. and Fitch Ratings, Inc. 

Related Links

• The K-075 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k075oc.pdf           
• Freddie Mac Multifamily Investor Presentation
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
• More information about Class A-M and Class XAM

The K-075 Certificates are backed by corresponding classes issued by the FREMF 2018-K75 Mortgage Trust (K-75 Trust) and guaranteed by Freddie Mac. The K-75 Trust will also issue certificates consisting of the Class X2-A, Class X2-B, Class B, Class C, Class D, and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-075 Certificates.