In This Article:
Freddie Mac (FMCC) announced the tender results of its previously announced offer to purchase any and all of the STACR Notes. Each of the classes of Notes subject to the Offer was issued by the applicable STACR trust. Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated February 3, 2025 and related Notice of Guaranteed Delivery dated February 3, 2025. Capitalized terms used but not defined in this Press Release have the meanings ascribed to such terms in the Offer Documents. As of 5:00 p.m., New York City time, on Friday, February 7, 2025, approximately $1.3B aggregate original principal amount of the Notes had been validly tendered and not properly withdrawn.
Maximize Your Portfolio with Data Driven Insights:
-
Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
-
Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FMCC: