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Sorenson Capital and Provo Craft management will continue to hold significant equity positions in the Company. In connection with the acquisition, Provo Craft has also entered into new senior and mezzanine credit facilities. The commitment of BAML Capital Partners, Sorenson Capital and Provo Craft management, together with the new credit facilities, positions the Company to execute on its growth plan and to continue serving the creative sector through technology-focused product innovation. We believe Provo Craft is a remarkable company with outstanding people and a bright future. The Company expects to announce additional product innovations later this year. Provo Craft is a technology company that enables people to be their creative best. These innovative tools help people bring their creative ideas to life in a personalized, professional-looking way at home, in schools and in the workplace.
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