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Loews Cineplex plans expansion: Loews Cineplex Entertainment Corp., the largest operator of movie theaters in North America, plans to sell 10 million shares and refinance $200 million of debt to cut interest costs and raise money for expansion. Loews said the shares will be newly issued, not from any current shareholders, and it will sell $200 million of debt securities in a private placement at an unspecified fixed rate. The moves are expected to trim its total debt of $100 million to $150 million, providing funds to expand.
