Convertibles Calendar

WEEK OF DEC. 11

INTERNATIONAL GAME TECHNOLOGY INC. (NYSE: IGT): $825 million 30-year convertible senior debentures; Merrill Lynch, Banc of America Securities, Goldman Sachs, Wachovia, UBS Investment Bank, Deutsche Bank, Bear Stearns (joint books); Rule 144A; $75 million greenshoe; non-callable for three years; puts in years three, five, 10, 15, 20 and 25; contingent conversion at 130%; contingent payment at 120%; Reno, Nev., maker of gaming machines and systems will use $612 million of the proceeds and cash on hand to redeem its outstanding zero-coupon convertible debentures; it will also use about $225 million of the proceeds and cash on hand to concurrently buy back its common stock; pricing Thursday after the close; talked at a coupon of 2.1% to 2.6% and an initial conversion premium of 35% to 40%; to be reoffered.

ON THE HORIZON

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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