It does not.
"Do you know if an Anglican Priest converting to Catholicism must be re-ordained by a Catholic bishop in order to function as a priest?"
I'm pretty sure they do, but I'm also pretty sure it is a "formality" kind of ceremony (certainly validly sacramental, but not like having to go thru seminary again), since the academic requirements and training for the priesthood in both Anglicanism and Catholicism are so similar.
The place to find out for sure is the "Coming Home Network" website---http://www.chnetwork.org/. Their specific ministry is aiding non-Catholic priests and ministers who are converting to Roman Catholicism. The largest number of coverts (not surprisingly) are former Episcopalians.
Dear Wonder Warthog,
I believe that it isn't unusual for non-Catholic clergy, including Episcopalians and Anglicans, to go through a brief period of seminary training, although I don't know if it's required of every candidate.
sitetest