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March 23, 2004 | Arlene Martinez, Times Staff Writer
An infusion of cash will allow House of Blues Entertainment Inc. to expand in the U.S., the company said Monday. House of Blues said it would open new clubs with money from two investors -- $30 million from Ares Management and $5 million from J.P. Morgan Partners -- plus a $75-million line of credit with Banc of America Securities and J.P. Morgan Chase & Co. There are House of Blues venues in seven U.S. cities, including Anaheim, Los Angeles, Las Vegas and Chicago.
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BUSINESS
March 23, 2004 | Arlene Martinez, Times Staff Writer
An infusion of cash will allow House of Blues Entertainment Inc. to expand in the U.S., the company said Monday. House of Blues said it would open new clubs with money from two investors -- $30 million from Ares Management and $5 million from J.P. Morgan Partners -- plus a $75-million line of credit with Banc of America Securities and J.P. Morgan Chase & Co. There are House of Blues venues in seven U.S. cities, including Anaheim, Los Angeles, Las Vegas and Chicago.
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