"Q-Cells bondholders agree to debt restructuring"

"Ailing solar company Q-Cells said it agreed a deal in principle with major bondholders to restructure its three convertible bonds... 'Following this equitization, the 2012, 2014 and 2015 bondholders shall collectively hold at least 95 percent of the issued share capital of Q-Cells SE,' the company said..."

This is the natural thing for a distressed solar company to do. The bondholders take ownership.