08:03 AM EDT, 04/02/2024 (MT Newswires) -- (Updated with additional information in second and third paragraphs.)

Former President Donald Trump reached a deal Monday that will spare him from paying a $454 million judgment in his civil fraud case until his appeal is resolved, multiple media outlets reported.

Trump was able to secure a $175 million bond that was arranged and signed by Knight Specialty Insurance.

Last week, an appeals court granted Trump's request to lower the bond amount to $175 million. The bond payment will prevent his assets from being seized to pay the full judgment amount until the appeal is resolved.