Core Viewpoint - Vivakor, Inc. has announced a $40 million commodity intermediation credit facility to enhance its crude oil trading operations, in addition to a previously announced $23 million working capital investment [2][6]. Group 1: Credit Facility Details - The proposed facility will serve as a working capital and credit support arrangement for physical crude oil transactions conducted by Vivakor Supply & Trading, LLC [3]. - The wholesaler will provide credit support, including letters of credit, surety bonds, cash deposits, and guarantees to sellers of physical commodities [3]. - The facility is expected to have a one-year term with total availability of up to $40 million in combined credit support [5]. Group 2: Operational Responsibilities - Vivakor Supply & Trading, LLC will be responsible for arranging transportation, logistics, and gathering operations for the purchased commodities [4]. - The company plans to utilize its midstream logistics capabilities, including its trucking fleet and network of crude oil stations and terminal facilities [4]. Group 3: Strategic Growth Initiatives - The CEO of Vivakor emphasized that this transaction highlights the company's growth initiative in the trading segment, focusing on supply-chain commodity control to drive immediate revenue and expand crude oil marketing operations [6].