Question at position $1$

The article states "James St$.$ Aubin, chief investment officer at Sierra Mutual Funds... $[$said$],$ 'The asset I$$m worried about most is bank loans.$\text{'}"$ How can a loan be an asset?

The article states "James St$.$ Aubin, chief investment officer at Sierra Mutual Funds... $[$said$],$ 'The asset I$$m worried about most is bank loans.$\text{'}"$ How can a loan be an asset?

Petco and Hanesbrands used the loan proceeds to fund private equity buyouts, which are assets.

The borrower's right to pay down debt earlier than maturity is an asset.

For the borrower the loan is a liability, but for the lender the loan is an asset.

The loan proceeds is an asset. The borrower's leverage is the liability.