The word "loot" here is a metaphor for something taken away from Jerusalem after the Babylonians conquer it. This is ironic because the Babylonians would take physical objects, but although the Judeans who surrendered would not die, they would take no physical objects with them. Alternate translation: "He will escape with his life" or "He will not die, but he will lose all his possessions" (See: [[rc://en/ta/man/jit/figs-metaphor]] and [[rc://en/ta/man/jit/figs-irony]])