Debenhams: Sports Direct were subject to an NDA

All, 

Debenhams: Earlier today Debenhams secured their £200m financing from creditors, which means Mike Ashley has lost. We had been wondering for some time why Mr. Ashley did not buy the notes of Debenhams instead and pursue the deal in the classic way. Apparently SD are still subject to an NDA, which precluded them from acquiring public instruments. Anyhow, that still leaves unanswered what he wanted when upping his equity stake in H118.

Wolfgang