Freddie Mac Prices $907 Million Multifamily K-Deal, K-745

MCLEAN, Va., Sept. 16, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue approximately $907 million in K Certificates (K-745 Certificates), which are expected to settle on or about September 23, 2021.

K-745 Pricing

Class	Principal/Notional Amount (mm)	Weighted Average Life (Years)	Spread (bps)	Coupon	Yield	Dollar Price
A-1	$56.943	4.56	S+1	0.8360%	0.8252%	$99.9987
A-2	$703.849	6.89	S+10	1.6570%	1.1899%	$102.9954
A-M	$146.903	6.93	S+16	1.2630%	1.2541%	$99.9965
X1	$760.792	6.47	T+40	0.6782%	1.4208%	$4.2793
XAM	Non-Offered
X3	Non-Offered

Details

• Co-Lead Managers and Joint Bookrunners: BofA Securities, Inc. and Morgan Stanley & Co. LLC
• Co-Managers: Brownstone Investment Group, LLC, Cantor Fitzgerald & Co., Mischler Financial Group, Inc. and PNC Capital Markets LLC
• Rating Agencies: Fitch Ratings, Inc. and Kroll Bond Rating Agency, LLC
  

Related Links

• The K-745 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k745oc.pdf
• Freddie Mac Multifamily Securitization Overview
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
  

The K-745 Certificates are backed by corresponding classes issued by the FREMF 2021-K745 Mortgage Trust (K-745 Trust) and guaranteed by Freddie Mac. The K-745 Trust will also issue certificates consisting of Class X2-A, Class X2-B, Class D and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-745 Certificates.