Gladstone Capital Corporation (Nasdaq:GLAD) ("Gladstone Capital") is pleased to announce the completion of a senior debt and minority equity investment in WB Xcel Holdings, LLC ("Xcel"), an iconic global surf brand and outdoor enthusiast company. The investment from Gladstone Capital will allow Xcel more balance sheet flexibility going forward, provide capital to invest in various growth initiatives, as well as help accelerate the company's international expansion plans.

Founded in 1982 and headquartered in Hawaii, Xcel designs and markets high-quality, innovative equipment and apparel for the surfing, diving and paddleboarding categories. The company's products are distributed through specialty retail stores both domestically and internationally, as well as directly to consumers through www.xcelwetsuits.com.

Gladstone Capital Announces Xcel Investment

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Gladstone Capital Announces Xcel Investment

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