Nope: The credit-facility is for 5 Mio. He will draw immediately 550.000 which would be already 16 Mio Shares at todays Price and with a Discount of 20 % 19.2 Mio. If this is all what he draws, fine, but why would he Need then 5 Mio. And finally, if you would be the lender, you would be interested in a low stock Price not in a higher one. The lower the better.