the loan is interest free for the conference or the schools. I believe the discussion refers to a $23 million dollar payment the SEC gave to each of its schools which was funded by a financing facility with Truist and Regions Bank and essentially tied to its new contract with ESPN. The mechanics are such that they front ended money and loan will be repaid by the conference with the TV rights increase and the actual future conference distributions will still increase just not by as much. The PAC12 tried to arrange a similar facility but, the funding was different. It was to be on an as needed basis. I think only one school(Colorado?) expressed interest in the deal.