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Details - Information last confirmed on December 19, 2020

We have identified a new opportunity that may be of interest to you. This is for a pre buy of oil products travelling via a pipeline from West Texas to Corpus Christi, Texas and Houston, Texas. The sponsors are seeking a POF or $150M and will be drawing $50M of that for the first load logistics, etc. The additional $100M in for insurance on the A/R that will be created from the Seller. This $100M portion can be cash, a Standby Letter of Credit, etc. The intention is for the contract to run for 5 years and will have a gross margin spread of $5M per transaction on the contract. Contract starts out monthly, then becomes bi-weekly and eventually weekly. Investment will be retired with the a portion of the proceeds from the sales and re-sales. Sellers are reputable and Buyers are world class brands that will provide Documentary Letters of Credit and contracts for a long term relationship once the Sellers verify the $150M. Principals are very connected in this space with quite a bit of experience and have invested $4M. This is an equity and/or JV play.

We are direct to the Sponsors via our procuring cause.

Please advise.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.