Vivakor Secures $40 Million Commodity Intermediation Credit Facility
Vivakor Inc. has closed a $40 million commodity intermediation credit facility with a single wholesaler. The one-year facility provides credit support for Vivakor's crude oil trading platform, Vivakor Supply & Trading, and is designed to enhance the company's liquidity and working capital. The facility enables Vivakor to scale its trading and logistics operations by offering credit support such as letters of credit, surety bonds, cash deposits, and guarantees for physical crude oil transactions. Vivakor will continue to manage transportation, logistics, and sales operations for purchased commodities, utilizing its trucking fleet, crude oil stations, terminal facilities, and gathering pipeline asset. Company executives highlighted the facility's role in supporting expansion and driving revenue growth.
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