ENTERTAINMENT

New Line Discloses Financing Plans: The independent film producer and distributor said it will sell 2 million shares of stock to reduce debt and has arranged a $125-million credit facility with a syndicate of banks led by Chemical Bank. The new credit being extended by the banks replaces a previous $75-million credit facility with Chemical. New Line’s films include Robert Altman’s “The Player” and “Nightmare on Elm Street.”