Main Street Capital Corporation announced it recently led a financing totaling $15.9 million of invested capital in Mystic Logistics, Inc. ("Mystic") to support the majority recapitalization of Mystic, with Main Street funding $12.7 million of the financing in this new portfolio investment.  Main Street's portion of the financing included a $10.0 million first lien, senior secured term loan and a $2.7 million equity investment. In addition, Main Street and its co-investor in the financing are also providing Mystic an undrawn revolving line of credit to support its future working capital needs.  Main Street and its co-investor partnered with the management team of Mystic to facilitate the transaction.

Mystic, founded in 1989, is headquartered in South Glastonbury, Connecticut, and is a leading non-asset based third-party logistics provider that specializes in standard mail consolidation for large volume mailers in the United States. Mystic's value proposition is centered around taking advantage of economies of scale, optimal purchasing power, reduced transit times, and considerable discounts offered by the U.S. Postal Service for assisting in efficiently achieving the "last mile" of delivery service.

Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.