It's not uncommon to have funding lines with a committed amount...

It's not uncommon to have funding lines with a committed amount and an uncommitted amount. The uncommitted part merely provides the documented mechanics to draw beyond the committed amount, but only if the lender then agrees. It is kind of BS, and many lenders tend to publicly declare the over inflated uncommitted amount. There are examples far more outrageous than this one, such as claiming $10 when the committed amount is $1. Here, it suggests the committed amount is really $10mio. And they probably shook hands on lifting it to $20mio. There is no downside to anybody in having the documents ready for a large number. In addition, this is not a DW. A DW involves multiple investors from senior to mezzanine, and is packaged through a third party vehicle administered by a third party trustee (see Prospa). You wouldn't see the name of the debt investors on record, as they face the vehicle, not the lender. It is a more robust / institutional grade structure. This looks more like a funding arrangement between Moneytech and Cirralto.