Q-Cells Soars on Deal to Save Solar-Cell Maker: Frankfurt Mover
BUSINESSWEEK - Q-Cells SE, once the world’s largest maker of solar cells, had a record surge in Frankfurt trading after reaching an agreement with bondholders to salvage the company.
Q-Cells, based in Thalheim, Germany, climbed 40 percent to 46.5 euro cents as of the close in Frankfurt. It was the steepest one-day gain since the company started trading in 2005. Q-Cells reached an agreement “in principle” with the main holders of its 2012, 2014 and 2015 convertible bonds to complete a financing restructuring in one step after last month seeking to pursue a two-step transaction.
