Indeed. To me, regardless of speculation, you agree to those terms only if you’re absolutely certain you’re going to receive (or have) the funds to repay the loan. I assume the reason for this credit facility is just an operational issue and that it’s the shortest/easiest path to accessing the funds they need to continue operating as expected.
At the end of the day, F42 is a subsidiary of a parent entity that conceivably has the funds necessary to resolve the loan if it ever becomes an issue. Maybe there’s an ember somewhere, but right now this just looks like a lot of smoke and a whole lot of folk claiming to see flames.