Freddie Mac Announces Issuance of New Three-Year Reference Notes Security

Rhea-AI Summary

Freddie Mac (OTCQB:FMCC) announced its intent to issue new three-year USD Reference Notes security, CUSIP number 3137EAEY1, maturing on October 16, 2023. The settlement will occur on October 16, 2020, at benchmark size. This offering will be executed through a syndicate of dealers led by J.P. Morgan Securities, TD Securities, and Wells Fargo Securities, among others. This announcement does not constitute an offer to sell securities; relevant offering details can be found in Freddie Mac's regulatory filings.

Positive

• Freddie Mac is issuing three-year USD Reference Notes, potentially increasing liquidity.
• The issuance is facilitated by a syndicate of reputable dealers, indicating strong market interest.

Negative

• None.

MCLEAN, Va., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue new three-year USD Reference Notes^® security, CUSIP number 3137EAEY1, due on October 16, 2023. The issue will settle on Friday, October 16, 2020, at benchmark size.

The new Reference Notes security will be offered via a syndicate of dealers headed by J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC. Co-manager will be Drexel Hamilton, LLC, Duncan-Williams, Inc, Great Pacific Securities, Loop Capital Markets LLC, Multi-Bank Securities, Inc., and Tribal Capital Markets, LLC.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2019, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release.

The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT: Fred Solomon
frederick_solomon@freddiemac.com
703-903-3861

INVESTOR CONTACT: Ameez Nanjee
571-382-4090

FAQ

What is the purpose of Freddie Mac's new three-year USD Reference Notes security issuance?

Freddie Mac aims to enhance liquidity in the market through the issuance of new securities.

When will Freddie Mac's new USD Reference Notes mature?

The new three-year USD Reference Notes are set to mature on October 16, 2023.

Who is managing Freddie Mac's new Reference Notes security issuance?

The issuance is led by J.P. Morgan Securities, TD Securities, and Wells Fargo Securities, among others.

What does the CUSIP number 3137EAEY1 refer to?

CUSIP number 3137EAEY1 identifies Freddie Mac's newly issued three-year USD Reference Notes.

Is the announcement about Freddie Mac's security issuance an offer to sell?

No, the announcement does not constitute an offer to sell securities; offers are made through applicable offering circulars.