KING WORLD <KWP> HAS FINANCING FOR OFFER King World Productions Inc said it will finance the repurchase of up to 7,600,000 of its shares announced earlier today through cash on hand and about 200 mln dlrs of bank borrowings, for which it has received commitments from First Chicago Corp <FNB> and Bank of New York <BK>. The company today started a tender offer for up to 4,100,000 shares at 28 dlrs each and agreed to buy up to 3,485,085 more shares from members of the King family and management, who together own a total of 13.9 mln shares. All the shares being repurchased amount to about 25 pct of King World's stock.