You cut off the quote too early:
> Again, let me emphasize, this is not inherently unfair. [...] The problem is most companies hide it.
The author is saying it's not inherently unfair if the company is honest and upfront about it.
> Again, let me emphasize, this is not inherently unfair. [...] The problem is most companies hide it.
The author is saying it's not inherently unfair if the company is honest and upfront about it.
The hypothetical bridge loan in this case did earn a profit, but it was a high risk loan. The company was going to be insolvent in 60 days and they hadn't yet found a buyer. The lenders got a multiplier because they risked losing their $10 million loan.
This bridge loan certainly could have been unfair, depending on whether the riskiness was worth the multiplier (for instance, if the company took a loan with 100x multiplier, it would clearly be abusive). If that were the case, the minority shareholders could sue and would win.