GoldenTree, PGIM Set to Take Over Digicel From Tycoon O’Brien

GoldenTree Asset Management and PGIM Fixed Income are among the funds set to take over Digicel Group from Irish tycoon Denis O’Brien in a deal that would shave off $1.8 billion of debt, according to people familiar with the matter.

The founder of the international mobile company has reached an agreement in principle to transfer to creditors a controlling stake of the firm, which operates in the Caribbean and Central America. Contrarian Capital Management is also part of the group that negotiated the deal, said the people, asking not to be named because their identity is private.

Spokespeople for Digicel ...