-+ 0.00%
-+ 0.00%
-+ 0.00%

Vivakor Signs Term Sheet To Build $40M Commodity Intermediation Credit Facility

Benzinga·10/15/2025 12:32:47
Listen to the news

Dallas, TX, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (NASDAQ:VIVK("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, has announced today that, in addition to its previously announced $23 million working capital investment to expand Vivakor's crude oil marketing and trading operations, it has signed a non-binding term sheet with an undisclosed wholesaler to establish a $40 million commodity intermediation credit facility. The proposed facility will provide additional credit support for Vivakor's crude oil trading platform.

The Facility, known as a commodity intermediation facility (the "Facility"), would function as a working capital and credit support arrangement for physical crude oil transactions conducted by Vivakor Supply & Trading, LLC ("VST"). Under the terms of the Facility, the wholesaler would provide credit support, including but not limited to letters of credit, surety bonds, cash deposits, and/or guarantees to sellers of physical commodities as an intermediary of VST for commodity trading activities.