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Published on 12/8/2006 in the Prospect News Convertibles Daily.

Convertibles Calendar

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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