RE: RE: Stop Gap "The question in my mind is why did RCP give up the best loan it ever gave out?"
Your answer is given right in the news release.
RCP didn't give up on the loan, rather Bioniche terminated the loan early and paid formerly agreed upon early breakuup penalties to do so. I doubt RCP had any choice in the matter, but was able to keep the 2% royalty, which was also probably in the original loan agreement as part of any early prepayment penalty.
"Paladin today acquired Bioniche's existing debt facility with Capital Royalty Partners II L.P. and its affiliates for approximately $22 million (including accrued interest and prepayment penalties)."