Alita Restructuring_ Final Countdown, page-25

Its the VA borrowing the funds to pay out GXY.
How the CHEL proposal intends to carve up the asset's with the unsecured creditors remains to be seen.
Essentially it is a move to remove GXY's rights to vote as a creditor and remove the necessity for a proposal to pay out GXY in full or cooperate with GXY on a bid.