I see it as HLG and NLG bankers come together with Bank of NZ...

I see it as HLG and NLG bankers come together with Bank of NZ getting there money back in exchange for debt to a new party which will become the new NLG perhaps managed by TTS or TAH which would love the machine revenue.

This would allow NLG to payout debts without default, HLG to secure a better tennent and Bank of NZ not to loose out because I think they too may not understand that if NLG goes belly HLG take back the leaseholds for free to resell !