So they are paying a discount on this debt based on analysis, with the intent to be repaid by the debtor at a higher rate in the future.
"How does HCG determine a price? HCG employs experienced personnel with a background in distressed reorganizations. These personnel analyze a company, its chances for survival, trends in its industry and the legal challenges it faces. HCG then determines whether a recovery is possible and the timing and form of any potential distribution"