this is what was wrote
which doesn't sound like what you wrote, but who knows
the fact is, nobody knows the terms of the loan agreements
it is possible there are several loans, with several loanees, some with fixed rate terms and some variable
nobody knows what is written in each loan agreement, but it is likely the Glazers would want to structure it so it doesn't need to be paid off in the event of a takeover, to give them more flexibility when the time comes. It is secured against the club so that is definitely possible.
I'd guess at least some of the loans have the option to be called in, and therefore if the interest rates are lower than current market rate then they'll be called in, or renegotiated
we just don't know, and all these people claiming they do are just spitballing or misunderstanding things they've read, or repeating incorrect information
one piece of information we do have which is quite telling, is SJ claimed the debt would be cleared, and Jimmy didn't. If it was compulsory to pay off the loans, then why wouldn't Jimmy announce it in his statement? It is what all fans have been desperate for for over a decade. It's an open goal, yet he didn't do it.