Convertibles Calendar

WEEK OF DEC. 4

SUPERIOR ENERGY SERVICES INC. (NYSE: SPN): $350 million 20-year exchangeable senior notes; Bear Stearns, Lehman Brothers (joint books); Rule 144A; $50 million greenshoe; non-callable for three years, then subject to 175%; freely callable after five years; puts in years five, 10 and 15; Harvey, La.-based oilfield services and equipment provider will use proceeds and available cash to repurchase up to $160 million of its common stock concurrently with offering and $233 million of proceeds to pay the $175 million consideration of its Warrior Energy Services Corp. acquisition, to refinance its existing debt and to pay for expenses related to the acquisition; pricing Thursday after the close; talked at a coupon of 1.25% to 1.75% and an initial exchange premium of 32.5% to 37.5%.

ON THE HORIZON

ACQUICOR TECHNOLOGY INC. (Amex: AQR): $100 million five-year convertible senior notes; $15 million greenshoe; CRT Capital Group; Rule 144A; non-callable for three years, no puts; Newport Beach, Calif.-based blank-check company formed to acquire technology businesses; will use proceeds to help fund acquisition of Jazz Semiconductor for $260 million; talked at a coupon of 8% to 8.5% and an initial conversion premium of 25% to 30%.

EUROSEAS LTD. (OTCBB: EUSEF): Unspecified amount of two-year mandatory convertible preferred stock; Cantor Fitzgerald & Co., Oppenheimer & Co. (joint books); registered; non-callable; Maroussi, Greece-based owner and operator of drybulk and container vessels will use proceeds to pay back $7 million of debt incurred through acquisition of the vessel YM Xingang I and to acquire additional vessels.

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