our friends in the uk, page-5

One other thing the financiers would be wary of is that a company with a drawdown facility might be holding some price sensitive information that would result in the SP going down back, getting the money and then releasing the news.
Therefore the financiers sell/short the shares make their % profit and then release the funds, as opposed to holding them for a capital gain.
Although in this instance the financiers we are told are earning 7%, in reality it is more than that. Because if we suppose that the ?20m facility is drawn in 4 instalments of say ?5m, then they are effectively using the same ?5m four times and consequently earn 28% on the same ?5m.