There were $13 billion in loans, and private investments from other folks like Larry Ellison and Suadi Prince Alwaleed bin Talal as well as some private equity firms.

So yes, there are shareholders, and there are creditors, it's just that in the private equity world, "caveat emptor" applies, they are expected to be sophisticated and wealthy enough to not need the protections given to investors in publicly traded companies.

Private doesn't mean no shareholders.