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Diamond pushes back, creditors challenged by finance plan hearing.

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Diamond Sports has objected to the demand from unsecured creditors for an immediate court hearing over its debtor-in-possession (DIP) financing plan. The company insists that the matter should be discussed at a hearing already scheduled for February 26. The objection comes as part of an ongoing dispute between Diamond Sports and its creditors over the $450 million financing agreement. The creditors have raised concerns about the agreement and claim they were excluded from negotiations. Diamond Sports, however, argues that the committee had been kept informed throughout the negotiations and had the opportunity to comment and advocate for changes. The company also emphasizes the broad support its DIP plan has from creditors and warns that the committee is jeopardizing the success of its reorganization with their objections.

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