Yes, the working facilities have $26.5mio to recover. So the...

Yes, the working facilities have $26.5mio to recover. So the receivables will be managed down, repaying the funders first. Then all excess cash will repay the working capital facility. Very likely the funding rates will go up because of the breach of covenants unless they negotiate something more friendly with GCI & Fortress. They have about $100mio worth of receivables, funded with $85mio from GCI & Fortress (85% LVR) and $15mio of working capital. I would expect losses to increase. Even if users have to repay, I would expect people to generally not be forthcoming. I think they will likely recover the $15mio, but not much more excess return. The working capital facility may not be fully repaid, so equity holders will get zero.
And even if someone comes in for the rescue, shareholders have lost control and it is the debt holders who run the show. Getting their money back is their priority.