Silver Bay Realty Trust Corp. announced that the company has secured a $200 million revolving credit facility with a syndicate of banks. The credit facility matures in May 2016 and bears interest at a varying rate of the London Interbank Offered Rate, or LIBOR, plus 3.50%, subject to a LIBOR floor of 0.5%. Bank of America Merrill Lynch and JPMorgan Chase Bank, National Association acted as joint lead arrangers. The credit facility will be used for the acquisition, financing and renovation of properties and other general purposes.

Silver Bay Realty Trust Corp. announced unaudited consolidated earnings results for the quarter ended March 31, 2013. For the quarter, the company reported total revenue of $7.7 million. Net loss attributable to common stockholders was $6.4 million, or $0.16 per diluted share. Due to the formative stage of Silver Bay's development, many properties in the company's portfolio were in the renovation and stabilization phases and therefore were not yet producing rental income.

Silver Bay Realty Trust Corp. (NYSE:SBY) is looking for acquisition opportunities. Silver Bay has secured a $200 million revolving credit facility with a syndicate of banks and will use it for the acquisition, financing and renovation of properties and other general purposes. "Securing the credit facility demonstrates our ability to execute on our previously stated strategy to deploy our IPO proceeds and subsequently apply leverage," said David N. Miller, Silver Bay's President and Chief Executive Officer. "The facility will give us enhanced flexibility to acquire additional assets in a highly attractive environment."

Silver Bay Realty Trust Corp., Q1 2013 Earnings Call, May 14, 2013

Silver Bay Realty Trust Corp. announced that they will report Q1, 2013 results After-Market on May 13, 2013