Gladstone Capital leads $55M financing to support Cafe Zupas

Gladstone Capital is acting as Administrative Agent and Lead Arranger on a $55 million senior secured credit facility for existing borrower Cafe Zupas, a portfolio company of KarpReilly, LLC. The financing provides incremental committed capital to support management’s new store development initiatives. Lafayette Square and certain of its affiliated entities are co-lenders. Headquartered in Salt Lake City, Utah, Cafe Zupas is a healthy fast casual restaurant brand with 73 company-owned stores across eight states in the Western and Midwestern United States