Kushner-Locke plans offering

Kushner-Locke Co., the TV production company, said it plans to file with the Securities & Exchange Commission for a public offering of 5 million common shares.

The company also said it will cancel its planned offering of up to $ 10 million of convertible subordinated debentures. Details on the debenture offering were not immediately available.

Kushner-Locke said proceeds from the stock offering will be used for working capital and other general corporate purposes, including financing of the company’s production activities.

The stock closed up 3 cents to $ 1.09.

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