Qcells SE said it plans a restructuring of its financial liabilities in two steps. After intensive negotiations with different creditor groups, the Germany-based solar energy group aims to come to an agreement with the holders of the convertible bond due at the end of February 2012.
This agreement will provide among others for a partialrepayment of the outstanding bond volume in tranches over a period of time. Ina second step, and in due course, the convertible bonds due in 2014 and 2015shall be restructured via a debt-to-equity swap.
According
