Turkey’s Vestel in Talks Over $500 Million of Bank Debt

Vestel Elektronik, a Turkish home-appliance and electronics manufacturer that has reported losses every quarter for the past two years, is in talks with banks to restructure more than $500 million of debt.

The negotiations are at an advanced stage and may be finalized soon, according to people familiar with the discussions who asked not to be identified because the talks are private. They didn’t provide details of the restructuring plan.