I'm just a simple Rabbit and i can't work it out so someone...

I'm just a simple Rabbit and i can't work it out so someone please explain this to me.

BBG, market cap $200 million

Altamont lends it $325 million (at an exorbitant rate of 12%)

Altamont gets 40% of BBG, approx $80 million for it

if BBG tanks, Altamont loses the lot,

Altamont wouldn't take such a risk even for 12% unless they thought someone else was interested, or they know more than us (which in my case wouldn't be hard)

Please can someone tell me what i'm missing?