Everyone seems to be an expert on Tinklers private numbers and I...

Everyone seems to be an expert on Tinklers private numbers and I think most are exxagerating his debts. His financiers satisfied the WHC board that they had provisional backing of $2.25b. Assuming he gets the additional 16% rollover into his Bidco, he needs to buy 355m shares at $5.20 or $1.85b. Assuming 4% or $100m facility/ adviser fees - he still has $300m credit available which I suggest would be his current debt load on his WHC holding (not the $500m , $600m & $800m that many are suggesting).
It would make sense that he had 1 facility to fund his venture, existing financiers or new financiers would not wish to subrogate their rights or security in favour of another party. Likewise rumours of him paying 15% on his existing debt ??? why would the new lenders give him $2.25b whilst knowing that he was paying such terms on existing facilities - simply they wouldnt, they would consolidate the loans?
Yesterday I sold 100% of my SMSF holding and 50% of my personal holding in WHC because I didnt like the market action late in the day.
I still think he will put this together but it is no better than a 50/ 50 bet with a possible 35% sp movement either way.