Diamond’s “Fourth Stipulation” with JPMorgan Gets More Details

Diamond recently submitted a motion to approve a Fourth Stipulation with JPMorgan Chase Bank. JPMorgan lent Diamond money so it could operate during its Chapter 11 process. That deal has gone through some changes as the process has progressed and a new change has been approved by the court.

In January 2025, Diamond declared Chapter 11 setting into motion a process which saw its assets purchased by Universal Distribution and Ad Populum. A final plan from Diamond to pay back its creditors still needs to be submitted and there’s other court motions from publishers and more who are owed money.

The credit agreement between Diamond and JPMorgan has increased the Maximum DIP (debtor in possession) Amount to $8,866.344.

Previously, Diamond was listed as still owing JP Morgan $5.9 million so it would seem that credit has been increased by about $3 million. June 28, 2025 is also now the “Maturity Date” for the agreement.

By June 13, Diamond must present JPMorgan and the Creditor Committee an updated 13 week budget and cash flow projections.

Check out the two documents below for more details: