Digicel Eyes Refinancing Over $2 Billion Debt as Concerns Abate

Digicel Group is working with JPMorgan Chase & Co. on a potential deal to refinance over $2 billion of the mobile operator’s debt, according to people familiar with the matter.

The deal could be launched in the coming weeks, said the people, who asked not to be identified because they’re not authorized to speak publicly. The discussions come as the company told creditors that the Department of Justice dropped a probe earlier this year into potential violations of the Foreign Corrupt Practices Act, improved performance and management changes, the people said.

Plans haven’t been finalized, and a deal may not ...