RE:Company Refigreat post. I think that is how the deal works. The debt comes due in full in 2022. There is no indication of principal repayments over the term.
I am sure DD will take a large piece of the placement. He then gets interest cash flow as well as ultimately dividend. I have been told he wants cash flow rather than a sale. And if there is ever a default in the future he can scoop the company.