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BRIEF-Tricon Capital Group to acquire Silver Bay Realty Trust Corp

Published 2017-02-27, 04:48 p/m
© Reuters.  BRIEF-Tricon Capital Group to acquire Silver Bay Realty Trust Corp

Feb 27 (Reuters) - Tricon Capital Group Inc TCN.TO :

* Tricon Capital Group to acquire Silver Bay Realty Trust Corp

* Tricon Capital Group - deal has a total enterprise value of approximately $1.4 billion, comprised of equity purchase price of approximately $820 million

* Tricon Capital Group Inc - deal expected to be accretive to tricon's earnings per share and net asset value per share

* Tricon capital group inc - to partially finance acquisition, company intends to use net proceeds from one or more "bought deal" public offerings

* Tricon Capital - obtained commitment to increase its existing corporate revolving credit facility from $235 million to $350 million Source text for Eikon: ID:nCCN2zRvLK Further company coverage: TCN.TO

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