Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 36

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 36
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 Repayments(35,086)5.10 (23,943)5.64 Maturities(13,210)2.51 (13,910)2.21 Total long-term debt176,782 3.76 160,039 3.47 Total debt of Freddie Mac, net$198,148 3.82 %$168,492 3.57 %

(1)Average rate is weighted based on par value.

As of June 30, 2025, our aggregate indebtedness pursuant to the Purchase Agreement was $198.1 billion, which was below the current $270.0 billion debt cap limit. Our aggregate indebtedness calculation primarily includes the par value of short- and long-term debt.

Our credit ratings and outlooks are primarily based on the support we receive from Treasury and therefore are affected by changes in the credit ratings and outlooks of the U.S. government. On May 16, 2025, Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1. On May 19, 2025, Moody's lowered our senior unsecured debt rating to Aa1 from Aaa and revised the credit rating Outlook to Stable from Negative. For additional information on our credit ratings, see MD&A - Liquidity and Capital Resources in our 2024 Annual Report.

Maturity and Redemption Dates

The table below presents the par value of debt of Freddie Mac by contractual maturity date and earliest redemption date. The earliest redemption date includes callable debt at its earliest call date, and the contractual maturity date includes both callable debt and non-callable debt as of their respective maturity dates.

Table 33 - Maturity and Redemption Dates As of June 30, 2025As of December 31, 2024(In millions)Contractual Maturity DateEarliest Redemption DateContractual Maturity DateEarliest Redemption DateDebt of Freddie Mac(1):1 year or less$76,232 $156,430 $62,951 $138,053 1 year through 2 years39,783 27,477 45,007 36,281 2 years through 3 years21,461 1,984 20,068 370 3 years through 4 years6,773 245 8,307 345 4 years through 5 years32,758 1,995 28,579 2,055 Thereafter20,355