ORIX Leveraged Finance Provides Debt Facility to Support Sprinkles Cupcakes Investment

  ORIX Leveraged Finance Provides Debt Facility to Support Sprinkles Cupcakes
  Investment

Business Wire

DALLAS -- March 7, 2013

ORIX Leveraged Finance announced today the closing of a debt facility with
Sprinkles Cupcakes. The debt facility supports an investment in Sprinkles by
KarpReilly, LLC and will provide for the company’s future growth initiatives.
ORIX Leveraged Finance served as lead arranger, administrative agent and sole
lender.

Founded by Candace and Charles Nelson and headquartered in Beverly Hills, CA,
Sprinkles owns and operates eleven cupcake bakeries, with plans to add a
number of additional locations in both new and existing markets. Over the past
year, the company also has successfully introduced its new Sprinkles Ice Cream
offering and entered into its first international franchising agreement, both
of which are expected to be significant drivers of growth for the brand over
the coming years.

The financing facility underscores the commitment of ORIX Leveraged Finance to
provide acquisition and growth capital to well-managed privately held
companies that offer a compelling product or service, and possess long-term
franchise value.

John Lenocker, co-head of ORIX Leveraged Finance, said, "We’re excited to team
up with KarpReilly, a leading financial sponsor with significant growth
company expertise, and Candace and Charles Nelson, experienced entrepreneurs
poised to continue the success of Sprinkles. We look forward to supporting
this great team and brand through the next phase of growth.”

“ORIX Leveraged Finance was responsive in working with us to develop a
flexible structure that will enable Sprinkles to take advantage of the many
opportunities available to the brand,” said Allan Karp, founder, KarpReilly.

Charles Nelson added, “We are eager to work together with ORIX in our mission
to continue to build on the success that Sprinkles has experienced to date.”

About ORIX Leveraged Finance:

ORIX Leveraged Finance, a business unit of ORIX USA Corporation, provides debt
and equity capital to well-managed small and mid-sized businesses in all
industry sectors throughout the United States. For more information about ORIX
Leveraged Finance, please visit us at www.orixleveragedfinance.com.

ORIX USA Corporation is a Dallas-based financial conglomerate with more than
1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus
and Minneapolis. ORIX USA holds approximately $6 billion of assets and manages
an additional $25 billion. ORIX USA is a wholly owned subsidiary of ORIX
Corporation, a Tokyo-based, publicly owned international financial services
company with operations in 28 countries worldwide. ORIX Corporation is listed
on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on
ORIX USA, please visit us at www.orix.com.

About KarpReilly:

KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris
Reilly, whose primary mission is to partner with premier small to mid-size
growth companies and help them achieve their long-term vision. KarpReilly
currently manages funds and affiliates with capital commitments in excess of
$500 million. Over the past 15 years, the principals of KarpReilly have
invested in, sat on the boards of and nurtured over 25 consumer growth
companies. Some of the notable restaurant companies that the principals of
KarpReilly have invested in are Marie Callender's, Mimi's Cafe, Cafe Rio, the
Habit Burger Grill, Cafe Zupas and Burger Lounge among others. For more
information, please visit www.karpreilly.com.

About Sprinkles:

Sprinkles Cupcakes opened "the world's first cupcake bakery" in Beverly Hills,
as reported by the Food Network, and is credited by the Los Angeles Times as
"the progenitor of the haute cupcake craze." Founded by Candace Nelson, judge
on Food Network's hit show "Cupcake Wars," and husband Charles, Sprinkles has
inspired long lines of devoted Hollywood stars and serious epicureans alike.
From Tom Cruise to Oprah Winfrey, Blake Lively to Ryan Seacrest, celebrities
are abuzz about Sprinkles! Baked fresh in small batches throughout the day,
Sprinkles Cupcakes are handcrafted from the finest ingredients and contain no
preservatives, trans fats or artificial flavors. Sprinkles has 11 locations
nationwide, a traveling Sprinklesmobile - the world's first cupcake truck, and
sells its cupcake mixes at over 250 Williams-Sonoma stores throughout the US
and Canada. In 2012, Sprinkles debuted the world's first Cupcake ATM and
continued its foray into classic American desserts with the launch of
Sprinkles Ice Cream. For additional information and a list of future
locations, please visit www.sprinkles.com.

Contact:

For ORIX Leveraged Finance:
Shelby Sabin Menczer, 972-931-7576 x 353
shelby@pharrpr.com